http://www.legislation.gov.uk/id/uksi/2016/649/schedule/3

http://www.legislation.gov.uk/uksi/2016/649/schedule/3/paragraph/40

The Statutory Auditors and Third Country Auditors Regulations 2016

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Statute Law Database

COMPANIES

AUDITORS

2024-07-30

Expert Participation

2020-12-31

These Regulations implement obligations in Directive 2014/56/EU of the European Parliament and of the Council of 16 April 2014 amending Directive 2006/43/EC on statutory audits of annual accounts and consolidated accounts and Regulation (EU) 537/2014 of the European Parliament and of the Council of 16 April 2014 on specific requirements regarding statutory audit of public-interest entities and repealing Commission Decision 2005/909/EC (“the Audit Regulation”). The amended Directive 2006/43/EC is known as “the Audit Directive”. The Audit Regulation is directly applicable, but changes have been made to domestic law to remove inconsistencies between domestic law and the Audit Regulation.

The Statutory Auditors and Third Country Auditors Regulations 2016

SCHEDULE 3Amendments to the Companies Act 2006

PART 5Amendments to Part 42 of the Companies Act 2006

40

1

Section 1253 (delegation of functions to an existing body) M1 is amended as follows.

2

In subsection (5) omit the words “paragraph 21 to 22B, 23(1) M2, 23A(1) M3or 24(1) M4 of Schedule 10 or”.

Annotations:

Marginal Citations

Section 1253 was amended by S.I. 2013/1672.

Paragraph 23(1) was substituted for paragraph 23(1) by S.I. 2012/1741.

Paragraph 23A was inserted by S.I. 2011/1856 and amended by S.I. 2013/1672.

Paragraph 24(1) and (1A) were substituted for paragraph 24(1) by S.I. 2012/1741.