Regulation 79 I1

omit “Without prejudice to Article 25 of Directive 2006/43/EC, ”;

for “the first subparagraph, contingent” substitute “ paragraph 13 of Schedule 1 to the Statutory Auditor and Third Country Auditors Regulations 2016, ”;

after the first instance of “fees” insert “ “based on any form of contingency” ”;

for “being contingent” substitute “ being based on any form of contingency ”;

for “a competent authority” substitute “ the competent authority ”;

omit “or the audit firm”;

for “audited entity” in both places substitute “ audited person ”;

for “controlled undertakings” in both places substitute “ subsidiary undertakings ”;

for “financial statements” substitute “ accounts ”;

omit “or the audit firm or, where applicable, by the group auditor carrying out the statutory audit,”;

omit “or audit firm or, as the case may be, group auditor,”;

for “their independence” substitute “ its independence ”;

omit “engagement”;

for “statutory auditor or audit firm” substitute “ person who is eligible for appointment as a statutory auditor ”;

omit “or audit firm or, as the case may be, by a group auditor carrying out the statutory audit”;

for “or the audit firm or the group auditor, of such an entity or group of entities” substitute “ of the public interest entity ”;