[F1[F21253DCTransfer by statutory auditor for purposes of investigation of auditorU.K.
A statutory auditor may transfer [F3audit working papers and investigation reports] to a third country competent authority if the transfer is made—
(a)for the purposes of an investigation of an auditor or audit firm, and
(b)in accordance with rules of a recognised supervisory body meeting the requirements of paragraph 16AB of Schedule 10.]]
Textual Amendments
F1Ss. 1253D-1253F and cross-heading inserted (6.4.2008) by The Statutory Auditors and Third Country Auditors Regulations 2007 (S.I. 2007/3494), reg. 15(1) (with reg. 15(2) (as amended by S.I. 2008/499), reg. 2(4)))
F2Ss. 1253D-1253DE substituted for s. 1253D (15.11.2010) by The Companies Act 2006 (Transfer of Audit Working Papers to Third Countries) Regulations 2010 (S.I. 2010/2537), regs. 1(2), 2
F3Words in s. 1253DC substituted (17.6.2016) by The Statutory Auditors and Third Country Auditors Regulations 2016 (S.I. 2016/649), reg. 1(1)(a), Sch. 3 para. 46 (with reg. 1(2)(b))