Auditors and othersU.K.
11. In these Regulations—
(a)“auditor” means any firm or individual who is—
(i)a statutory auditor within the meaning of Part 42 of the Companies Act 2006 M1 (statutory auditors), when carrying out statutory audit work within the meaning of section 1210 of that Act (meaning of statutory auditor), or
(ii)a local auditor within the meaning of section 4(1) of the Local Audit and Accountability Act 2014 (general requirements for audit) M2, when carrying out an audit required by that Act.
(b)“insolvency practitioner” means any firm or individual who acts as an insolvency practitioner within the meaning of section 388 of the Insolvency Act 1986 M3 or article 3 of the Insolvency (Northern Ireland) Order 1989 M4 (meaning of “act as insolvency practitioner”).
(c)“external accountant” means a firm or sole practitioner who by way of business provides accountancy services to other persons, when providing such services.
(d)“tax adviser” means a firm or sole practitioner who by way of business provides [F1material aid, or assistance or advice, in connection with the tax affairs of other persons, whether provided directly or through a third party], when providing such services.
Textual Amendments
F1Words in reg. 11(d) substituted (10.1.2020) by The Money Laundering and Terrorist Financing (Amendment) Regulations 2019 (S.I. 2019/1511), regs. 1(2), 4(2)
Marginal Citations
M12006 c.46. Section 1210 was amended by S.I. 2008/565; 2008/567; 2008/1950; 2012/1809 and 2013/3115.
M31986 c.45. Section 388 was amended by section 11(1) of the Bankruptcy (Scotland) Act 1993 (c.6); section 4(2) of the Insolvency Act 2000 (c.39); paragraph 2(11) of Schedule 6 to the Deregulation Act 2015 (c.20) and by S.I 1994/2421; 2002/1240; 2002/2708; 2009/1941 and 2016/1034.
M4S.I. 1989/2405 (N.I. 19). Article 3 was amended by Schedule 4 to the Insolvency (Amendment) Act (Northern Ireland) 2016 (c.2) (N.I.) and by S.R. 1995/225, 2002/334, 2003/550 and by S.I. 2002/3152 (N.I. 6) and 2009/1941.