{
  "url": "https://openlegislation.uk/statutory-auditors-and-third-country-auditors-amendment-eu-exit-regulations-2019/regulation-106",
  "json_url": "https://openlegislation.uk/statutory-auditors-and-third-country-auditors-amendment-eu-exit-regulations-2019/regulation-106.json",
  "legislation": "uksi/2019/177",
  "legislation_title": "The Statutory Auditors and Third Country Auditors (Amendment) (EU Exit) Regulations 2019",
  "legislation_url": "https://openlegislation.uk/statutory-auditors-and-third-country-auditors-amendment-eu-exit-regulations-2019",
  "path": "regulation/106",
  "kind": "regulation",
  "number": "106",
  "heading": null,
  "text": "In regulation 3 (the competent authority)—\n(a) in paragraph (2)(b), for “paragraph (5)” substitute “ paragraphs (5), (5A) and (5B) ”;\n(b) after paragraph (5), insert—\n“(5A) Any delegation under paragraph (2) of the competent authority's responsibilities under sub-paragraphs (k), (l) or (m) of paragraph (1) must not prejudice the competent authority's ability to initiate and conduct an inspection or investigation of audit work by a statutory auditor itself, where necessary, and to take appropriate action.\n(5B) In determining the delegation of tasks, the competent authority must ensure that conflicts of interest are avoided.”;\n(c) after paragraph (13), insert—\n“(14) The members of the management body of the competent authority must be individuals who—\n(a) are knowledgeable in the areas relevant to statutory audit;\n(b) are selected in accordance with an independent and transparent nomination procedure;\n(c) during their period in office are non-practitioners, and in the three years preceding their appointment were non-practitioners.\n(15) In paragraph (14), a “non-practitioner” is a person who is not—\n(a) carrying out statutory audit work;\n(b) a member of the ownership or management body of a firm that is eligible for appointment as a statutory auditor;\n(c) employed by or otherwise associated with a firm that is eligible for appointment as a statutory auditor.”.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Reg. 106 in force at 22.2.2019, see reg. 2"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2019/177/regulation/106",
    "retrieved_at": "2026-10-28T22:48:03.928748+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}