Regulation 61 I1

United Kingdom

In regulation 8 (application statement)—

(a)

in paragraph (b)(ii), for “UK-traded non-EEA companies” substitute “ UK-traded third country companies ”;

(b)

in paragraph (c), for “UK-traded non-EEA companies” substitute “ UK-traded third country companies ”;

(c)

in paragraph (d) M1—

(i)

for “UK-traded non-EEA companies” substitute “ UK-traded third country companies ”;

(ii)

in sub-paragraph (i), after “Audit Directive” insert “before F1IP completion day”;

(iii)

after sub-paragraph (i) insert—

“(ia)
the UK-adopted international standards adopted by the competent authority in accordance with regulation 4(3)(za) of the Statutory Auditors and Third Country Auditors Regulations 2016, or with standards, procedures or requirements which are equivalent,”;

(iv)

in sub-paragraph (ii), for “regulation 4(3)(a)” substitute “ regulation 4(3) ”;

(v)

for sub-paragraph (iii), substitute—

“(iii)
any auditing standards, procedures or requirements imposed by the competent authority in accordance with the requirements set out in paragraphs 1 to 6 and 8 of Schedule 1 to the Statutory Auditors and Third Country Auditors Regulations 2016, or with any other equivalent standards, procedures or requirements.”.

Annotations

Textual amendments

F1: Words in reg. 61(c)(ii) substituted (31.12.2020 immediately before IP completion day) by The Companies and Statutory Auditors etc. (Consequential Amendments) (EU Exit) Regulations 2020 (S.I. 2020/523), regs. 1(2), 15(b)

Marginal citations

M1: Paragraph (d) was substituted by regulation 20(2)(a) of the Statutory Auditors and Third Country Auditors Regulations 2016 (S.I. 2016/649).

Commencement

I1: Reg. 61 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 2