PART 4RECOGNISED SUPERVISORY BODIES

Arrangements for setting standards relating to public interest entity reporting and independence requirements27

After paragraph 22 of Schedule 10 to the Companies Act 2006 (arrangements for setting technical standards), insert—

22AArrangements for setting standards relating to public interest entity reporting requirements

The arrangements referred to in paragraph 10B(3) are appropriate arrangements—

a

for the determining of standards for the purposes of the rules and practices mentioned in paragraph 10B(1), and

b

for ensuring that the determination of those standards is done independently of the body.

22BArrangements for setting standards relating to public interest entity independence requirements

The arrangements referred to in paragraph 10C(2) are appropriate arrangements—

a

for the determining of standards for the purposes of the rules and practices mentioned in paragraph 10C(1), and

b

for ensuring that the determination of those standards is done independently of the body.