20. In Schedule 1 to the Housing Act 1996 (registered social landlords), for paragraph 18(4B)(1)substitute—
“(4B) In sub-paragraphs (4) and (4A) “qualified auditor” means a person who—
(a)is eligible for appointment as a statutory auditor under Part 42 of the Companies Act 2006, and
(b)if the appointment were an appointment as a statutory auditor, would not be prohibited from acting by virtue of section 1214 of that Act (independence requirement).”.
Paragraph 18(4B) was inserted by the Housing Act 2004 (c.34), Schedule 11, paragraphs 7 and 20.