Amendment of the Companies Act 2006
This section has no associated Explanatory Memorandum
2. In Schedule 10 to the Companies Act 2006(1), in paragraph 7, omit sub-paragraph (2)(b)(ii)(2) and the “or” before it (so far as not already omitted).
(1)
2006 c. 46. Paragraph 7(2)(b)(ii) of Schedule 10 was amended by regulation 18(2) of the Statutory Auditors and Third Country Auditors Regulations 2007 (S.I. 2007/3494).
(2)
Paragraph 7(2)(b)(ii) ceases to apply, in relation to statutory audit, on 1 January 2021 under paragraph 7(2A) of Schedule 10 which is inserted by regulation 29(b) of S.I. 2019/177. The amendment made by paragraph 7(2A) does not apply to local audit by virtue of regulation 45 of S.I. 2019/177.