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The Statutory Auditors and Third Country Auditors Regulations 2016

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This is the original version (as it was originally made).

PART 3Restrictions on choice of Auditor

Contractual terms restricting choice of auditor

12.—(1) This regulation applies to any term in a contract which, in relation to the conduct of a statutory audit of an audited person, has the effect of restricting the audited person’s choice of statutory auditor to certain categories or lists of statutory auditors.

(2) A term to which this regulation applies shall have no effect.

(3) Paragraph (2) does not apply where the audited person is a public interest entity.

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