PART 2Amendment of primary legislation

CHAPTER 2Part 42 of the Companies Act 2006

I123

In section 1253E (working arrangements for transfer of papers) M1—

a

in subsection (4)—

i

in paragraph (a), for “Article 29 of the Audit Directive (quality assurance)” substitute “ regulation 9 of the Statutory Auditors and Third Country Auditors Regulations 2016 M2 ”;

ii

in paragraph (b), for “Article 30 of the Audit Directive (investigations and penalties)” substitute “ regulations 5 to 8 and 10 of the Statutory Auditors and Third Country Auditors Regulations 2016 ”;

iii

in paragraph (c), for “Article 32 of the Audit Directive (principles of public oversight)” substitute “ regulation 3 of the Statutory Auditors and Third Country Auditors Regulations 2016 ”;

b

in subsection (7), omit “of the European Union or”;

c

omit subsections (8) M3 and (9).