C1C2C3C4Part 42Statutory Auditors
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S.I.) by The Statutory Auditors (Delegation of Functions etc) Order 2008 (S.I. 2008/496), art. 4 (which amending S.I. was revoked (2.7.2012) by S.I. 2012/1741, art. 6)
Pt. 42 applied (with modifications) (15.8.2008) by The Insurance Accounts Directive (Lloyd's Syndicate and Aggregate Accounts) Regulations 2008 (S.I. 2008/1950), reg. 6(5)
Pt. 42: functions transferred in part (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), 7, 8, 9 (with art. 16)
Chapter 2Individuals and firms
Information
1223AF1Notification of matters relevant to other EEA States
1
A recognised supervisory body must notify the Secretary of State of—
a
any withdrawal of a notifiable person's eligibility for appointment as a statutory auditor; and
b
the reasons for the withdrawal.
2
A recognised supervisory body must also notify the Secretary of State of any reasonable grounds it has for suspecting that—
a
a person has contravened the law of the United Kingdom, or any other EEA State or part of an EEA State, implementing the Audit Directive, and
b
the act or omission constituting that contravention took place on the territory of an EEA State other than the United Kingdom.
3
In this section “notifiable person” means a member of the recognised supervisory body in question—
a
who is also an EEA auditor; and
b
in respect of whom the EEA competent authority is not the recognised supervisory body itself.
Pt. 42 modified (6.4.2008) by The Statutory Auditors and Third Country Auditors Regulations 2007 (S.I. 2007/3494), reg. 43