{
  "url": "https://openlegislation.uk/statutory-auditors-and-third-country-auditors-amendment-eu-exit-regulations-2019/regulation-79",
  "json_url": "https://openlegislation.uk/statutory-auditors-and-third-country-auditors-amendment-eu-exit-regulations-2019/regulation-79.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/79",
  "kind": "regulation",
  "number": "79",
  "heading": null,
  "text": "In Article 4 (audit fees)—\n(a) in paragraph 1, in the second subparagraph—\n(i) omit “Without prejudice to Article 25 of Directive 2006/43/EC, ”;\n(ii) for “the first subparagraph, contingent” substitute “ paragraph 13 of Schedule 1 to the Statutory Auditor and Third Country Auditors Regulations 2016, ”;\n(iii) after the first instance of “fees” insert “ “based on any form of contingency” ”;\n(iv) for “being contingent” substitute “ being based on any form of contingency ”;\n(v) for “a competent authority” substitute “ the competent authority ”;\n(b) in paragraph 2, in the first subparagraph—\n(i) omit “or the audit firm”;\n(ii) for “audited entity” in both places substitute “ audited person ”;\n(iii) for “controlled undertakings” in both places substitute “ subsidiary undertakings ”;\n(iv) for “financial statements” substitute “ accounts ”;\n(c) in paragraph 2, in the second subparagraph, for “Union or national legislation” substitute “ legislation of any part of the United Kingdom ”;\n(d) in paragraph 3, in the first subparagraph—\n(i) omit “or the audit firm or, where applicable, by the group auditor carrying out the statutory audit,”;\n(ii) omit “or audit firm or, as the case may be, group auditor,”;\n(iii) for “their independence” substitute “ its independence ”;\n(iv) omit “engagement”;\n(v) for “statutory auditor or audit firm” substitute “ person who is eligible for appointment as a statutory auditor ”;\n(e) in paragraph 3, in the second subparagraph—\n(i) omit “or audit firm or, as the case may be, by a group auditor carrying out the statutory audit”;\n(ii) for “or the audit firm or the group auditor, of such an entity or group of entities” substitute “ of the public interest entity ”;\n(f) omit paragraph 4.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Reg. 79 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 2"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2019/177/regulation/79",
    "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."
}