Companies Act 2006

[F1[F21253DATransfer by Secretary of StateU.K.
This section has no associated Explanatory Notes

(1)The Secretary of State may transfer [F3audit working papers and investigation reports] to an approved third country competent authority if the following conditions are met (but see also section 1253DD).

(2)The first condition is that the authority has made a request to the Secretary of State for the transfer of the [F3audit working papers and investigation reports].

(3)The second condition is that the [F3audit working papers and investigation reports] relate to audits of companies that—

(a)have issued securities in the third country in which the authority is established, or

(b)form part of a group issuing statutory consolidated accounts in that third country.

(4)The third condition is that the authority has entered into arrangements with the Secretary of State in accordance with section 1253E.]]