C4C1C2C3C5Part 42Statutory Auditors

Annotations:
Modifications etc. (not altering text)
C2

Pt. 42: functions transferred in part (6.4.2008 in accordance with art. 1 of the amending S.I.) by The Statutory Auditors (Delegation of Functions etc) Order 2008 (S.I. 2008/496), art. 4 (which amending S.I. was revoked (2.7.2012) by S.I. 2012/1741, art. 6)

Chapter 6Supplementary and general

International obligations

1254Directions to comply with international obligations

1

If it appears to the Secretary of State—

F4a

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 F5F3assimilated 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 F1the Independent Supervisor F2, 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).