The Statutory Auditors and Third Country Auditors Regulations 2016

Contractual terms restricting choice of auditor U.K.

[F1 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 other than a person which is a public interest entity, provides for the restriction of the audited person’s choice of statutory auditor to certain categories or lists of statutory auditors.

(2) A term to which this regulation applies has no effect.]

Textual Amendments

F1 Reg. 12 substituted (1.5.2017) by The Statutory Auditors and Third Country Auditors Regulations 2017 (S.I. 2017/516), regs. 1(2), 14(3)