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The Statutory Auditors and Third Country Auditors Regulations 2016
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PART 3Restrictions on choice of Auditor
Contractual terms restricting choice of auditor
12.—(1) This regulation applies to any term in a contract which, in relation to the conduct of a statutory audit of an audited person, has the effect of restricting the audited person’s choice of statutory auditor to certain categories or lists of statutory auditors.
(2) A term to which this regulation applies shall have no effect.
(3) Paragraph (2) does not apply where the audited person is a public interest entity.
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