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

19.  In section 1253C (notification to competent authorities of other EEA States) M1 —

(a) in the heading, after “to” insert “ approved third country ” and omit “of other EEA States”;

(b) in subsection (1) M2 —

(i) for “other EEA States” substitute “ approved third country competent authorities ”;

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

(c) in subsection (2) M3 —

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

(ii) omit “in accordance with the Audit Directive”;

(iii) omit “required by EU law”;

(d) in subsection (4)—

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

(ii) in paragraph (a), for “other EEA State or part of an EEA State, implementing the Audit Directive” substitute “ equivalent third country or transitional third country, relating to audit ”;

(iii) in paragraph (b), for “an EEA State other than the United Kingdom” substitute “ an equivalent third country or transitional third country ”;

(e) in subsection (5)—

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

(ii) for “EEA State” substitute “ country or territory ”.

Commencement Information

I1 Reg. 19 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 1253C was inserted by regulation 14(1) of S.I. 2007/3494. Subsection (2) was amended by article 6(2) of S.I. 2011/1043.

M2 Subsection (1) was substituted by paragraph 42(2) of Schedule 3 to S.I. 2016/649.

M3 Subsection (2) was amended by article 6(2) of S.I. 2011/1043.