Regulation 82 I1

United Kingdom

In Article 7 (irregularities)—

(a)

in the first subparagraph—

(i)

for “Article 12 of this Regulation and Directive 2005/60/EC” substitute “ relevant legislation ”;

(ii)

omit “or an audit firm”;

(iii)

for “financial statements” substitute “ accounts ”;

(iv)

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

(v)

for “he. she or it” substitute “ the statutory auditor ”;

(b)

in the second subparagraph—

(i)

for “audited entity” substitute “ audited person ”;

(ii)

omit “or the audit firm”;

(c)

in the third subparagraph, omit “or the audit firm”;

(d)

after the third subparagraph, insert—

“In this Article, “relevant legislation” means—
(a)
any rules made under section 340 of the Financial Services and Markets Act 2000 M1;
(b)
the Financial Services and Markets Act 2000 (Communications by Auditors) Regulations 2001 M2;
(c)
the Money Laundering, Terrorist Financing and Transfer of Funds (Information on Payer) Regulations 2017;
(d)
sections 330(6), 330(7A), 333A and 342 of the Proceeds of Crime Act 2002;
(e)
sections 45 and 46 of the Criminal Finances Act 2017;
(f)
the Terrorism Act 2000.”.

Annotations

Marginal citations

M1: 2000 c. 8.
M2: S.I. 2001/2587.

Commencement

I1: Reg. 82 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 2