14. In Part 2—
(a)in regulation 5(c), for “exit day” substitute “IP completion day”;
(b)in regulation 6—
(i)in paragraph (a), in paragraph (a) of the substituted definition of “audit committee”, for “exit day” substitute “IP completion day”;
(ii)in paragraph (c)(iii), for “exit day” substitute “IP completion day”;
(c)in regulation 8(a)(iii), for “exit day” substitute “IP completion day”;
(d)in regulation 11(b)(ii), for “exit day” substitute “IP completion day”;
(e)in regulation 28(1)—
(i)before paragraph (a), insert—
“(za)in sub-paragraph (1)(a), for “an EEA auditor” substitute “a third country auditor”;
(zb)in sub-paragraph (1)(aa), for “an EEA auditor” substitute “a third country auditor”;
(zc)in sub-paragraph (1)(b), omit “which is not an EEA auditor”;”;
(ii)for paragraph (a), substitute—
“(a)omit sub-paragraph (1)(c);”;
(iii)after paragraph (d), insert—
“(da)in sub-paragraph (2C)(a), for “another EEA State” substitute “an EEA State”;”;
(iv)omit paragraph (e);
(f)for regulation 29, substitute—
“29. In paragraph 7 (holding of appropriate qualification)—
(a)for sub-paragraph (2)(a), substitute—
“(a)in relation to an individual, to that individual’s—
(i)holding an appropriate qualification, or
(ii)being a third country auditor and meeting the requirements of paragraph 6(1)(aa)(ii) or 6(1A);”;
(b)omit sub-paragraph (2)(b)(ii) and the “or” before it.”;
(g)in regulation 30(b), for “exit day” substitute “IP completion day”;
(h)in regulation 32(d)(iii), for “exit day” substitute “IP completion day”;
(i)in regulation 38, for “exit day” substitute “IP completion day”;
(j)in regulation 40, for “exit day” substitute “IP completion day”.
Regulation 28 is amended by S.I. 2019/1392 (as further amended by regulation 29 of this instrument) and 2020/335.