The Statutory Auditors and Third Country Auditors (Amendment) (EU Exit) Regulations 2019
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EXITING THE EUROPEAN UNION
AUDITORS
Statute Law Database
2022-09-14
Expert Participation
2022-07-27
These Regulations are primarily made in exercise of the powers conferred by section 8(1) of the European Union (Withdrawal) Act 2018 (c. 16), together with various other domestic powers, in order to address failures of retained EU law to operate effectively and other deficiencies (in particular under paragraphs (a), (b), (c), (d), (e), (f) and (g) of section 8(2) of that Act) arising from the withdrawal of the UK from the European Union. Part 5 contains amendments made under section 2(2) of the European Communities Act 1972 (c. 68), which implement aspects of Article 32 of Directive 2006/43/EC of the European Parliament and of the Council on statutory audits of annual accounts and consolidated accounts (OJ No. 157 09.06.2006, p. 87).
The Statutory Auditors and Third Country Auditors (Amendment) (EU Exit) Regulations 2018
In paragraph 5(5)(b) (the maximum engagement period) of Schedule 14A (appointment and removal of auditors: societies to which audit directive applies) M1, after “Audit Regulation” insert “as it had effect immediately before F1IP completion day”.