C1C2C3C4Part 42Statutory Auditors

Annotations:
Modifications etc. (not altering text)
C2

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S.I.) by The Statutory Auditors (Delegation of Functions etc) Order 2008 (S.I. 2008/496), art. 4 (which amending S.I. was revoked (2.7.2012) by S.I. 2012/1741, art. 6)

Chapter 6Supplementary and general

F1Cooperation with foreign competent authorities

Annotations:
Amendments (Textual)
F1

Ss. 1253A-1253C and cross-heading inserted (6.4.2008) by The Statutory Auditors and Third Country Auditors Regulations 2007 (S.I. 2007/3494), reg. 14(1) (with reg. 14(2))

1253BRequests from EEA competent authorities

1

The Secretary of State must take all necessary steps to—

a

ensure that an investigation is carried out, or

b

provide any other assistance or information,

if requested to do so by an EEA competent authority in accordance with Article 36 of the Audit Directive (cooperation between Member State authorities).

2

Within 28 days following the date on which he receives the request, the Secretary of State must—

a

provide the assistance or information required by the EEA competent authority under subsection (1)(b), or

b

notify the EEA competent authority which made the request of the reasons why he has not done so.

3

But the Secretary of State need not take steps to comply with a request under subsection (1) if—

a

he considers that complying with the request may prejudice the sovereignty, security or public order of the United Kingdom;

b

legal proceedings have been brought in the United Kingdom (whether continuing or not) in relation to the persons and matters to which the request relates; or

c

disciplinary action has been taken by a recognised supervisory body in relation to the persons and matters to which the request relates.