Companies Act 2006, Section 1254 is up to date with all changes known to be in force on or before 06 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
(1)If it appears to the Secretary of State—
[F1(a)that any action proposed to be taken by—
(i)a recognised supervisory body,
(ii)a recognised qualifying body,
(iii)a person keeping a register of auditors, or part of such a register, in accordance with regulations under section 1239(1),
(iv)a body exercising functions under arrangements within Schedule 12,
(v)the Independent Supervisor,
(vi)the competent authority, or
(vii)a body designated by order under section 1252,
would be incompatible with [F2[F3assimilated] obligations] or any other international obligations of the United Kingdom, or]
(b)that any action which that body has power to take is required for the purpose of implementing any such obligations,
he may direct the body not to take or, as the case may be, to take the action in question.
(2)A direction may include such supplementary or incidental requirements as the Secretary of State thinks necessary or expedient.
(3)A direction under this section given to [F4the Independent Supervisor ][F5, the competent authority] or a body designated by order under section 1252 is enforceable on the application of the Secretary of State by injunction or, in Scotland, by an order under section 45 of the Court of Session Act 1988 (c. 36).
Textual Amendments
F1S. 1254(1)(a) substituted (1.5.2017) by The Statutory Auditors and Third Country Auditors Regulations 2017 (S.I. 2017/516), regs. 1(2), 13(7)(a)
F2Words in s. 1254(1)(a) substituted (31.12.2020) by The Statutory Auditors and Third Country Auditors (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/177), regs. 2, 24; 2020 c. 1, Sch. 5 para. 1(1)
F3Word in s. 1254(1)(a) substituted (1.1.2024) by The Retained EU Law (Revocation and Reform) Act 2023 (Consequential Amendment) Regulations 2023 (S.I. 2023/1424), reg. 1(2), Sch. para. 61(2)(b)
F4Words in s. 1254(3) inserted (6.4.2008) by The Statutory Auditors and Third Country Auditors Regulations 2007 (S.I. 2007/3494), reg. 16(3)
F5Words in s. 1254(3) inserted (17.6.2016) by The Statutory Auditors and Third Country Auditors Regulations 2016 (S.I. 2016/649), reg. 1(1)(a), Sch. 3 para. 50(3)
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