Part 42Statutory Auditors
Chapter 2Individuals and firms
Information
F11223ANotification 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.