The Statutory Auditors and Third Country Auditors (Amendment) (EU Exit) Regulations 2018 No. 177

PART 2 Amendment of primary legislation

CHAPTER 3 Schedules 10, 11, 11A and 12 to the Companies Act 2006

Amendment of Schedules 11, 11A and 12 to the Companies Act 2006

36.  In Schedule 12 (arrangements in which registered third country auditors are required to participate)—

(a) in the italic cross-heading above paragraph 1(1), for “UK-traded non-EEA companies” substitute “UK-traded third country companies”;

(b) in paragraph 1 (arrangements for independent monitoring of audits of UK-traded non-EEA companies), in sub-paragraph (1)(a)(2), for “UK-traded non-EEA companies” substitute “UK-traded third country companies”;

(c) in paragraph 2(1)(a) (arrangements for independent investigations for disciplinary purposes)(3), for “UK-traded non-EEA companies” substitute “UK-traded third country companies”.

(1)

The cross-heading was amended by regulation 33(2) of S.I. 2007/3494.

(2)

Sub-paragraph (1)(a) was amended by regulation 33(3)(a) of S.I. 2007/3494.

(3)

Sub-paragraph (2)(1)(a) was substituted by regulation 17(2) of S.I. 2013/1672.