# The Statutory Auditors and Third Country Auditors (Amendment) (EU Exit) Regulations 2020, Regulation 15: Amendments to the Companies Act 2006

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

(1) The Companies Act 2006 is amended as follows.
(2) In section 1253D —
(a) omit subsection (2)(k);
(b) omit subsection (2)(o);
(c) after subsection (2)(s) insert—
“(t) the Ministry of Finance of the People's Republic of China;
(u) the Securities Regulatory Commission of the People's Republic of China.”.
(3) In paragraph 20A of Schedule 10, for the definition of “key audit partner” substitute—
““key audit partner” means—
(a) an individual who is eligible for appointment as a statutory auditor and who is designated by an audit firm for a particular audit engagement as being primarily responsible for carrying out the statutory audit on behalf of the audit firm;
(b) in the case of a group audit, any of the following—
(i) an individual who is eligible for appointment as a statutory auditor and who is designated by an audit firm as being primarily responsible for carrying out the statutory audit of the consolidated accounts of the group on behalf of the audit firm;
(ii) an individual who is eligible to conduct the audit of the accounts of any material subsidiary undertaking and who is designated as being primarily responsible for that audit; or
(c) an individual who is eligible for appointment as a statutory auditor and who signs the audit report.”.

---
Source: https://www.legislation.gov.uk/uksi/2020/108/regulation/15 (the official version)
Page: https://openlegislation.uk/statutory-auditors-and-third-country-auditors-amendment-eu-exit-regulations-2020/regulation-15
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.