The Statutory Auditors and Third Country Auditors (Amendment) (EU Exit) Regulations 2019 No. 177

PART 2 U.K. Amendment of primary legislation

CHAPTER 2 U.K. Part 42 of the Companies Act 2006

18.  In section 1253B (request from EEA competent authorities) M1 —

(a) in the heading, for “EEA competent authorities” substitute “ approved third country competent authorities ”;

(b) in subsection (1) M2 —

(i) for “EEA competent authority” substitute “ approved third country competent authority ”;

(ii) omit the words from “or a European supervisory authority (“the requesting authority”),” to the end;

(c) after subsection (1), insert—

“(1A) Where the request includes a request for the transfer of audit working papers and investigation reports, the Secretary of State must act in accordance with section 1253D.”;

(d) omit subsection (4) M3 .

Commencement Information

I1 Reg. 18 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 2

Marginal Citations

M1 Section 1253B was inserted by regulation 14(1) of S.I. 2007/3494.

M2 Subsection (1) was substituted by paragraph 41(2) of Schedule 3 to S.I. 2016/649.

M3 Subsection (4) was substituted by paragraph 41(4) of Schedule 3 to S.I. 2016/649.