# The Statutory Auditors and Third Country Auditors (Amendment) (EU Exit) Regulations 2019, Regulation 5

Extent: E+W+S+N.I.

In section 494ZA (the maximum engagement period) —
(a) in subsection (5)(a)(ii), omit “and” at the end;
(b) for subsection (5)(a)(iii) substitute—
“(iii) if the company is a private company and does not have an audit committee, a selection procedure that complies with the requirements of section 485B(4),
(iv) if the company is a public company and does not have an audit committee, a selection procedure that complies with the requirements of section 489B(4),”;
(c) in subsection (5)(b) after “Audit Regulation” insert “ as it had effect immediately before IP completion day”.

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Source: https://www.legislation.gov.uk/uksi/2019/177/regulation/5 (the official version)
Page: https://openlegislation.uk/statutory-auditors-and-third-country-auditors-amendment-eu-exit-regulations-2019/regulation-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.