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SCHEDULES

SCHEDULE 10U.K.Recognised supervisory bodies

Modifications etc. (not altering text)

C1Sch. 10 applied (with modifications) (4.4.2014 for specified purposes, 16.12.2014 in so far as not already in force) by Local Audit and Accountability Act 2014 (c. 2), s. 49(1), Sch. 5 para. 28 (with Sch. 13 para. 11); S.I. 2014/900, art. 2(j); S.I. 2014/3319, art. 2(e) (as amended (E.W.) (31.12.2020) by The Local Audit (England and Wales) (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/504), regs. 1(2), 6(1) (with reg. 6(2)(3)); 2020 c. 1, Sch. 5 para. 1(1))

Part 2U.K.Requirements for recognition of a supervisory body

[F1Supplementary: funding of arrangementsU.K.

Textual Amendments

20ZA.(1)This paragraph applies where, under regulation 3 of the Statutory Auditors and Third Country Auditors Regulations 2016, the competent authority has delegated the task of approving persons as eligible for appointment as statutory auditors to a body (“B”).U.K.

(2)B must pay the costs incurred by—

(a)the competent authority in carrying out activities mentioned in paragraphs 9 to 10C, 12, 13 and 16, or

(b)another recognised supervisory body, in carrying out those activities as a result of the competent authority delegating a task to the other body,

in relation to any statutory auditor bound by B’s rules.]