SCHEDULE 3Amendments to the Companies Act 2006
PART 5Amendments to Part 42 of the Companies Act 2006
42
1
Section 1253C (notification to competent authorities of other EEA states) M1 is amended as follows.
2
For subsection (1) substitute—
1
If the Secretary of State receives notice from a recognised supervisory body under section 1223A(1) (notification of matters relevant to other EEA States) that—
a
a person has become eligible for appointment as a statutory auditor, or
b
a person's eligibility for appointment as a statutory auditor has been withdrawn,
the Secretary of State must notify the relevant EEA competent authority.
3
In subsection (3), for the words from “the reasons” to the end substitute, “, in a case where a person's eligibility for appointment as a statutory auditor has been withdrawn, the reasons for the withdrawal”.