SCHEDULES

SCHEDULE 5Eligibility and regulation of local auditors

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(1)

Section 1239 (the register of auditors) applies with the following modifications.

(2)

In subsection (1) omit paragraph (b) and the “and” preceding it.

(3)

In subsection (2)—

(a)

at the end of paragraph (d) insert “ , and ”, and

(b)

omit paragraph (f) and the “and” preceding it.

(4)

After subsection (4) insert—

“(4A)

The regulations may provide for the register to be kept with the register under regulations under this section in its original form.”

(5)

For subsection (5) substitute—

“(5)

The regulations may impose such obligations as the Secretary of State thinks fit on—

(a)

recognised supervisory bodies,

(b)

recognised supervisory bodies within the meaning of this Part in its original form,

(c)

any body designated by order under section 1252 (delegation of Secretary of State's functions under this Part),

(d)

any body designated by order under that section in its original form,

(e)

persons eligible for appointment as a local auditor,

(f)

persons eligible for appointment as a statutory auditor in accordance with this Part in its original form,

(g)

any person with whom arrangements are made by one or more recognised supervisory bodies, or by any body designated by order under section 1252, with respect to the keeping of the register, or

(h)

any person with whom arrangements are made by one or more recognised supervisory bodies within the meaning of this Part in its original form, or by any body designated by order under section 1252 in its original form, with respect to the keeping of the register under regulations under this section in its original form.”

(6)

Omit subsection (7).

(7)

In subsection (8)—

(a)

for “(5)(b) or (e)” substitute “ (5)(c), (d), (g) or (h) ”, and

(b)

omit “or, in Scotland, by an order under section 45 of the Court of Session Act 1988 (c. 36)”.

(8)

After subsection (9) insert—

“(9A)

References in subsections (4A) and (5) to this Part or a provision of this Part in its original form are to this Part or that provision as it has effect apart from its application by virtue of Schedule 5 to the Local Audit and Accountability Act 2014.”