Supplementary: arrangements to operate independently of bodyU.K.
25(1)This paragraph applies for the purposes of—U.K.
(a)paragraph 21(b),
(b)paragraph 22(b),
(c)[F1paragraph 23(1)(c)], F2. . .
[F3(ca)paragraph 23A(1)(b), or]
(d)[F4paragraph 24(1)(c)].
(2)Arrangements are not to be regarded as appropriate for the purpose of ensuring that a thing is done independently of the body unless they are designed to ensure that the body—
(a)will have no involvement in the appointment or selection of any of the persons who are to be responsible for doing that thing, and
(b)will not otherwise be involved in the doing of that thing.
(3)Sub-paragraph (2) imposes a minimum requirement and does not preclude the possibility that additional criteria may need to be satisfied in order for the arrangements to be regarded as appropriate for the purpose in question.
Textual Amendments
F1Words in Sch. 10 para. 25 substituted (2.7.2012) by The Statutory Auditors (Amendment of Companies Act 2006 and Delegation of Functions etc) Order 2012 (S.I. 2012/1741), arts. 1(2), 5(6)(a)
F2Word in Sch. 10 para. 25(1)(c) omitted (1.10.2011 with application in accordance with reg. 1(6)) by virtue of The Statutory Auditors and Third Country Auditors (Amendment) Regulations 2011 (S.I. 2011/1856), reg. 5(6)(a)
F3Sch. 10 para. 25(1)(ca) inserted (1.10.2011 with application in accordance with reg. 1(6)) by The Statutory Auditors and Third Country Auditors (Amendment) Regulations 2011 (S.I. 2011/1856), reg. 5(6)(b)
F4Words in Sch. 10 para. 25 substituted (2.7.2012) by The Statutory Auditors (Amendment of Companies Act 2006 and Delegation of Functions etc) Order 2012 (S.I. 2012/1741), arts. 1(2), 5(6)(b)