The Statutory Auditors and Third Country Auditors Regulations 2007

  1. Introductory Text

  2. PART 1

    1. 1.Citation and commencement

    2. 2.Minor definitions

    3. 3.Index of defined expressions

  3. PART 2

    1. 4.Supervisory bodies

    2. 5.Appropriate qualifications

    3. 6.Approval of third country qualifications

  4. PART 3

    1. 7.Notification of matters relevant to other EEA States

    2. 8.Restrictions on disclosure

    3. 9.Supervision of Auditors General by the Independent Supervisor

    4. 10.Duties of Auditors General in relation to supervision arrangements

    5. 11.Reports of the Secretary of State

    6. 12.Delegation of Secretary of State’s functions

    7. 13.Delegation of functions to an existing body

    8. 14.Cooperation with foreign competent authorities

    9. 15.Transfer of papers to third countries

    10. 16.Directions to comply with international obligations

  5. PART 4

    1. 17.EEA auditors

    2. 18.Meaning of “controlled by qualified persons”

    3. 19.Professional integrity and independence

    4. 20.Technical standards for group audits

    5. 21.Public interest entity reporting and independence requirements

    6. 22.Monitoring and enforcement

    7. 23.Monitoring of audits

    8. 24.Transfer of papers to third countries

    9. 25.Interpretation

    10. 26.Arrangements for setting technical standards

    11. 27.Arrangements for setting standards relating to public interest entity reporting and independence requirements

    12. 28.Arrangements for independent monitoring of audits of listed companies and other major bodies

  6. PART 5

    1. 29.Interpretation

    2. 30.The register of auditors

    3. 31.Meaning of “registered third country auditor” and “UK-traded non-EEA company”

    4. 32.Duties of registered third country auditors

    5. 33.Arrangements for registered third country auditors: consequential amendments

    6. 34.Register of third country auditors

    7. 35.Application for registration of third country auditor

    8. 36.Application statement

    9. 37.Acceptance and refusal of application for registration

    10. 38.Allocation of registered number

    11. 39.Duty to provide updated information

    12. 40.Removal of third country auditor from the register

  7. PART 6

    1. 41.Meaning of “appropriate audit authority” and “major audit”

    2. 42.Grounds for petition by company member

    3. 43.Exclusion of large debt securities issuer from definition of “UK-traded non-EEA company”

    4. 44.Practical training

    5. 45.Revocations and savings

  8. Signature

    1. SCHEDULE

      Schedule 11A to the Companies Act 2006

  10. Explanatory Note