Companies Act 2006

[F11225Enforcement: generalU.K.
This section has no associated Explanatory Notes

(1)This section applies if at any time it appears to the Secretary of State—

(a)in the case of a recognised supervisory body, that any requirement of Part 2 or 3 of Schedule 10 is not satisfied,

(b)in the case of a recognised professional qualification offered by a recognised qualifying body, that any requirement of Part 2 of Schedule 11 is not satisfied, F2...

(c)that a recognised supervisory body or a recognised qualifying body has not complied with an obligation imposed on it by or by virtue of this Part (other than an obligation to pay a financial penalty under section 1225D) [F3or

(d)that a recognised supervisory body has not complied with an obligation imposed on it by or by virtue of the Statutory Auditors and Third Country Auditors Regulations 2016.]

(2)The Secretary of State may do any one or more of the following—

(a)give a direction to the body under section 1225A;

(b)make an application to the court in respect of the body under section 1225C;

(c)impose a financial penalty on the body under section 1225D.

(3)Subsection (2) is without prejudice to the powers of the Secretary of State under paragraph 3 of Schedule 10 and paragraph 3 of Schedule 11 (revocation of recognition orders) [F4or the powers of the competent authority under regulation 3 of the Statutory Auditors and Third Country Auditors Regulations 2016.]]

Textual Amendments