Part 42Statutory Auditors
Chapter 6Supplementary and general
Transfer of papers to third countries
F1F21253DETransfer by means of inspection
(1)
This section applies in the case of a transfer of audit working papers if—
(a)
it is a transfer to an approved third country competent authority listed in section 1253D(2)(a), (f) or (g),
(b)
it is a transfer under section 1253DA or 1253DB, and
(c)
it is to take place by means of an inspection in the United Kingdom by the authority.
(2)
The Secretary of State must participate in the inspection.
(3)
The inspection must be under the leadership of the Secretary of State unless the Secretary of State otherwise permits.