The Statutory Auditors and Third Country Auditors (Amendment) (EU Exit) Regulations 2018

Amendment of Part 42 of the Companies Act 2006

12.  In section 1223A (notification of matters relevant to other EEA States)(1)—

(a) in the heading, for “other EEA States” substitute “approved third country competent authorities”;

(b) in subsection (2)—

(i) in paragraph (a), for “any other EEA State or part of an EEA State, implementing the Audit Directive” substitute “an equivalent third country or transitional third country”;

(ii) in paragraph (b), for “EEA State other than the United Kingdom” substitute “equivalent third country or transitional third country”;

(c) in subsection (3)—

(i) in paragraph (a), for “an EEA auditor” substitute “a third country auditor that has been approved by an approved third country competent authority”;

(ii) in paragraph (b), for “EEA” substitute “approved third country”.

(1)

Section 1223A was inserted by regulation 7(1) of S.I. 2007/3494.