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Companies Act 2006

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Changes over time for: Section 1210

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Version Superseded: 09/02/2011

Status:

Point in time view as at 15/08/2008. This version of this provision has been superseded. Help about Status

Changes to legislation:

Companies Act 2006, Section 1210 is up to date with all changes known to be in force on or before 06 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

1210Meaning of “statutory auditor” etcU.K.

This section has no associated Explanatory Notes

(1)In this Part “statutory auditor” means—

(a)a person appointed as auditor under Part 16 of this Act,

(b)a person appointed as auditor under section 77 of or Schedule 11 to the Building Societies Act 1986 (c. 53),

(c)a person appointed as auditor of an insurer that is a friendly society under section 72 of or Schedule 14 to the Friendly Societies Act 1992 (c. 40),

(d)F1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

[F2(e)a person appointed as auditor for the purposes of regulation 5 of the Insurance Accounts Directive (Lloyd's Syndicate and Aggregate Accounts) Regulations 2008 or appointed to report on the “aggregate accounts” within the meaning of those Regulations,]

[F3(f)a person appointed as auditor of an insurance undertaking for the purposes of the Insurance Accounts Directive (Miscellaneous Insurance Undertakings) Regulations 2008,]

[F4(g)a person appointed as auditor of a bank for the purposes of the Bank Accounts Directive (Miscellaneous Banks) Regulations 2008,]

(h)a person appointed as auditor of a prescribed person under a prescribed enactment authorising or requiring the appointment;

and the expressions “statutory audit” and “statutory audit work” are to be construed accordingly.

(2)In this Part “audited person” means the person in respect of whom a statutory audit is conducted.

(3)In subsection (1)—

  • bank” means a person who—

    (a)

    is a credit institution within the meaning given by Article 4.1(a) of Directive 2006/48/EC of the European Parliament and of the Council relating to the taking up and pursuit of the business of credit institutions, and

    (b)

    is a company or a firm as defined in Article 48 of the Treaty establishing the European Community;

  • friendly society” means a friendly society within the meaning of the Friendly Societies Act 1992 (c. 40);

  • F5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

  • insurer” means a person who is an insurance undertaking within the meaning given by Article 2.1 of Council Directive 1991/674/EEC on the annual accounts and consolidated accounts of insurance undertakings;

  • prescribed” means prescribed, or of a description prescribed, by order made by the Secretary of State for the purposes of subsection (1)(h).

(4)An order under this section is subject to negative resolution procedure.

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