The Statutory Auditors and Third Country Auditors (Amendment) (EU Exit) Regulations 2019

Amendment of the Statutory Auditors and Third Country Auditors Regulations 2016

70.  In regulation 9 (monitoring of audits by the competent authority)—

(a) for paragraph (6)(b)(ii) substitute—

“(ii) equivalent work, for the purposes of an appointment of a person to conduct inspections made prior to exit day, on the audit of accounts under the law of an EEA State, or part of an EEA State, or Gibraltar, or

(iii) equivalent work, for the purposes of an appointment of a person to conduct inspections, on the audit of accounts under the law of—

(aa) an equivalent third country, or part of an equivalent third country, or

(bb) a transitional third country, or part of a transitional third country;”;

(b) in paragraph (7)(b)(i) for “set by” substitute “determined by”;

(c) in paragraph (12), for “adopted” substitute “determined”.