Part 42Statutory Auditors

Chapter 2Individuals and firms

Enforcement

1225Compliance orders

(1)If at any time it appears to the Secretary of State—

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

(b)in the case of a recognised professional qualification, that any requirement of Schedule 11 is not satisfied, or

(c)that a recognised supervisory body or a recognised qualifying body has failed to comply with an obligation to which it is subject under or by virtue of this Part,

he may, instead of revoking the relevant recognition order, make an application to the court under this section.

(2)If on an application under this section the court decides that the requirement in question is not satisfied or, as the case may be, that the body has failed to comply with the obligation in question, it may order the body to take such steps as the court directs for securing that the requirement is satisfied or that the obligation is complied with.

(3)In this section “the court” means the High Court or, in Scotland, the Court of Session.