Amendment of regulation 59 (review)
25.—(1) Regulation 59 is amended as follows.
(2) In paragraph (1), for sub-paragraph (a), substitute —
“(a)carry out a review, respectively, of the regulatory provision contained in these Regulations to which amendments have been made by—
(i)Part 2 of the Limited Liability Partnerships, Partnerships and Groups (Accounts and Audit) Regulations 2016(1) (“the 2016 Regulations”),
(ii)Schedule 3 to the Statutory Auditors Regulations 2017(2), and
(iii)Part 3 of the Companies (Directors’ Report) and Limited Liability Partnerships (Energy and Carbon Report) Regulations 2018 (“the 2018 Regulations”),”.
(3) In paragraph (1)(b)—
(a)for “the review”, substitute “each review”;
(b)before “report”, insert “separate”.
(4) For paragraph (3), substitute—
“(3) The first report under—
(a)paragraph (1)(a)(i) and (ii) must be published before the end of the period of 5 years beginning with the date on which the 2016 Regulations come into force;
(b)paragraph (1)(a)(iii) must be published before the end of the period of 5 years beginning with the date on which the 2018 Regulations come into force.”.