Amendment of Regulation 537/2014
82. In Article 7 (irregularities)—
(a)in the first subparagraph—
(i)for “Article 12 of this Regulation and Directive 2005/60/EC” substitute “relevant legislation”;
(ii)omit “or an audit firm”;
(iii)for “financial statements” substitute “accounts”;
(iv)for “audited entity” in both places substitute “audited person”;
(v)for “he. she or it” substitute “the statutory auditor”;
(b)in the second subparagraph—
(i)for “audited entity” substitute “audited person”;
(ii)omit “or the audit firm”;
(c)in the third subparagraph, omit “or the audit firm”;
(d)after the third subparagraph, insert—
“In this Article, “relevant legislation” means—
(a)any rules made under section 340 of the Financial Services and Markets Act 2000(1);
(b)the Financial Services and Markets Act 2000 (Communications by Auditors) Regulations 2001(2);
(c)the Money Laundering, Terrorist Financing and Transfer of Funds (Information on Payer) Regulations 2017;
(d)sections 330(6), 330(7A), 333A and 342 of the Proceeds of Crime Act 2002;
(e)sections 45 and 46 of the Criminal Finances Act 2017;
(f)the Terrorism Act 2000.”.