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

(a) the body designated by the Secretary of State under section 1252 of the Companies Act 2006;

• (vi) for point (b), substitute—

(b) the Financial Conduct Authority ;

• (vii) for point (c), substitute—

(c) the body appointed to exercise the functions mentioned at section 14(2) of the Companies (Audit, Investigations and Community Enterprise) Act 2004; (d) the person authorised for the purposes of section 456 of the Companies Act 2006; or (e) the National Crime Agency and the supervisory authorities referred to in regulation 7 of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017.

• (b) in the second subparagraph—

• (i) for “obligation of professional secrecy” substitute “ restrictions on disclosure ”;

• (ii) for “Article 22 of this Regulation shall” substitute “ section 1224A of the Companies Act 2006 ”.

100

In Article 26 (quality assurance)—

• (a) in paragraph 1—

• (i) in point (a)—

• (aa) omit “and audit firms”;

• (bb) for “Article 32(5) of Directive 2006/43/EC” substitute “ regulation 3(1)(l) of the Statutory Auditors and Third Country Auditors Regulations 2016 ”;

• (ii) in point (b), for “a reviewer” substitute “ an individual ”;

• (iii) in point (c)—

• (aa) for “a natural person” substitute “ an individual ”;

• (bb) for “financial reporting” substitute “ accounting ”;

• (b) in paragraph 2—

• (i) in the first subparagraph, for “competent authorities designated under Article 20(1)” substitute “ competent authority ”;

• (ii) in the second subparagraph—

• (aa) for “statutory auditors and audit firms” substitute “ individuals and firms ”;

• (bb) for point (a), substitute—

(a) in the case of statutory auditors carrying out audits of public interest entities, other than those which, but for being public interest entities, would qualify (or would if they were companies) as small or medium-sized under sections 382 and 383 or sections 465 and 467 of the Companies Act 2006, at least every three years; and

• (c) in paragraph 4—

• (i) omit “reviewed”;

• (ii) for “and audit firms” substitute “ that are the subject of the inspection ”;

• (d) in paragraph 5, in the first subparagraph—

• (i) in point (a), for “financial reporting” substitute “ accounting ”;

• (ii) in point (b), omit “or an audit firm”;

• (iii) in point (c)—

• (aa) omit “or an audit firm”;

• (bb) omit “or of that audit firm”;

• (cc) omit “or audit firm”;

• (iv) in point (d), omit “and the audit firm”;

• (e) in paragraph 5, in the second subparagraph—

• (i) for “a competent authority” substitute “ the competent authority ”;

• (ii) for “the competent authorities” substitute “ the competent authority ”;

• (f) after paragraph 5, insert—

(5A) In point (a) of the first subparagraph of paragraph (5), “relevant experience” means having experience of— (a) statutory audit work; (b) equivalent work, for the purposes of an appointment of a person to conduct inspections made prior to IP completion day, on the audit of accounts under the law of an EEA State, or part of an EEA State, or Gibraltar; or (c) equivalent work, for the purposes of an appointment of a person to conduct inspections, on the audit of accounts under the law of— (i) an equivalent third country, or part of an equivalent third country; or (ii) a transitional third country, or part of a transitional third country.

• (g) in paragraph 6—

• (i) in point (a), omit “or of the audit firm”;

• (ii) in point (c), omit “or an audit firm”;

• (h) in paragraph 7, in the first subparagraph —

• (i) in the opening words, omit “or the audit firm”;

• (ii) in point (a)—

• (aa) omit “or the audit firm”;

• (bb) for “those set out in Chapter IV of Directive 2006/43/EC” substitute “ the relevant standards listed in regulation 4(2) of the Statutory Auditors and Third Country Auditors Regulations 2016 ”;

• (cc) omit “, as well as relevant laws” to the end;

• (iii) in point (b), for “Article 13 of Directive 2006/43/EC” substitute “ paragraph 11 of Schedule 10 to the Companies Act 2006 ”;

• (i) in paragraph 7, in the third subparagraph—

• (i) for “Competent authorities” substitute “ The competent authority ”;

• (ii) omit “and audit firms”;

• (j) in paragraph 7, in the fourth subparagraph, for “competent authorities” substitute “ the competent authority ”;

• (k) in paragraph 8—

• (i) in the first subparagraph, omit “or audit firm”;

• (ii) in the second subparagraph—

• (aa) omit “or audit firm”;

• (bb) omit “or of the audit firm”.

101

In Article 27 (monitoring market quality and competition)—

• (a) in paragraph 1—

• (i) for “competent authorities designated under Article 20(1) and the European Competition Network (ECN), as appropriate,” substitute “ competent authority ”;

• (ii) in point (a)—

• (aa) omit “or an audit firm”;

• (bb) for “an audit firm network” substitute “ a network ”;

• (cc) for “any audit firm” substitute “ any firm in the network ”;

• (b) in paragraph 2—

• (i) in the first subparagraph—

• (aa) for “17 June 2016” substitute “ 17 June 2019 ”;

• (bb) for “each competent authority” substitute “ the competent authority ”;

• (cc) omit “and the ECN,”;

• (dd) for “CEAOB, ESMA, EBA, EIOPA and the Commission” substitute “ Secretary of State ”;

• (ii) omit the second subparagraph.

102

In Article 28 (transparency of competent authorities)—

• (a) in the heading, for “competent authorities” substitute “ competent authority ”;

• (b) in the opening words, for “Competent authorities” substitute “ The competent authority ”;

• (c) in points (a) and (b), for “their tasks under this Regulation” substitute “ the competent authority's tasks ”;

• (d) in point (d), omit “Member States may require the publication” to the end.

103

Omit Chapter III (cooperation between competent authorities and relations with European supervisory authorities).

104

Omit Chapter IV (cooperation with third country authorities and with international organisations and bodies).

PART 5 — Amendments made under section 2(2) of the European Communities Act 1972

Amendment of the Statutory Auditors and Third Country Auditors Regulations 2016

105

The Statutory Auditors and Third Country Auditors Regulations 2016 is amended in accordance with regulations 106 and 107.

106

In regulation 3 (the competent authority)—

• (a) in paragraph (2)(b), for “paragraph (5)” substitute “ paragraphs (5), (5A) and (5B) ”;

• (b) after paragraph (5), insert—

(5A) Any delegation under paragraph (2) of the competent authority's responsibilities under sub-paragraphs (k), (l) or (m) of paragraph (1) must not prejudice the competent authority's ability to initiate and conduct an inspection or investigation of audit work by a statutory auditor itself, where necessary, and to take appropriate action. (5B) In determining the delegation of tasks, the competent authority must ensure that conflicts of interest are avoided.

• (c) after paragraph (13), insert—

(14) The members of the management body of the competent authority must be individuals who— (a) are knowledgeable in the areas relevant to statutory audit; (b) are selected in accordance with an independent and transparent nomination procedure; (c) during their period in office are non-practitioners, and in the three years preceding their appointment were non-practitioners. (15) In paragraph (14), a “non-practitioner” is a person who is not— (a) carrying out statutory audit work; (b) a member of the ownership or management body of a firm that is eligible for appointment as a statutory auditor; (c) employed by or otherwise associated with a firm that is eligible for appointment as a statutory auditor.

107

After regulation 13 (power to grant exemptions from the requirements of Article 4(2) of the Audit Regulation (limit on total fees charged for non-audit services)), insert—

(13A) The competent authority may, within the standards on professional ethics that it determines in accordance with Schedule 1, allow the provision of the services referred to in points (a) (i), (a) (iv) to (a) (vii) and (f) of the second subparagraph of Article 5(1) of the Audit Regulation, provided that the following requirements are complied with— (a) they have no direct or have immaterial effect, separately or in the aggregate on the audited accounts; (b) the estimation of the effect on the audited accounts is comprehensively documented and explained in the additional report to the audit committee referred to in Article 11 of the Audit Regulation; and (c) the principles of independence laid down in Part 42 of the Companies Act 2006 and these Regulations are complied with by the statutory auditor.

PART 6 — Approval of Equivalent Third Countries, Transitional Third Countries and Third Country Competent Authorities

Approval of Equivalent Third Countries and Transitional Third Countries

108

Schedule 1 (approval of equivalent third countries and transitional third countries) has effect.

Approval of Third Country Competent Authorities

109

Schedule 2 (approval of third country competent authorities) has effect.

PART 7 — Revocations

Revocation of retained direct EU legislation

110

Schedule 3 (revocation of retained direct EU legislation) has effect.

PART 8 — Transitional provisions

Transitional provisions

111

Schedule 4 (transitional provisions) has effect.

SCHEDULE 1 — Approval of Equivalent Third Countries and Transitional Third Countries

Equivalent third countries

1

• (1) The EEA States and Gibraltar are approved as equivalent third countries for financial years beginning on or after IP completion day and are listed in column 1 of Table 1 of this Schedule.

• (1A) The countries determined by the European Commission immediately before IP completion day as having an equivalent system of audit inspections, investigations and sanctions to those in the European Union by virtue of an instrument adopted under Article 46(2) of Directive 2006/43/EC of the European Parliament and of the Council of 17th May 2006 on statutory audits of annual accounts and consolidated accounts, amending Council Directives 78/660/EEC and 83/349/EEC and repealing Council Directive 84/253/EEC, are approved as equivalent third countries and are listed in column 1 of Table 1 of this Schedule.

• (2) Approval is granted for an indefinite period, unless a date is recorded in column 2 of the Table against a country’s name, in which case the approval ceases to apply for financial years beginning after that date.

Transitional third countries

2

• ...

Equivalent third country	Date of last day of approval
Abu Dhabi
Australia
Austria
Belgium
Brazil
Bulgaria
Canada
China
Croatia
Cyprus
Czech Republic
Denmark
Dubai International Financial Centre
Estonia
Finland
France
Germany
Gibraltar
Greece
Guernsey
Hungary
Iceland
Indonesia
Ireland
Isle of Man
Italy
Japan
Jersey
Latvia
Liechtenstein
Lithuania
Luxembourg
Malaysia
Malta
Mauritius
Netherlands
New Zealand
Norway
Poland
Portugal
Romania
Singapore
Slovakia
Slovenia
South Africa
South Korea
Spain
Sweden
Switzerland
Taiwan
Thailand
Turkey
The United States of America	. . .
...
---	---
. . .	. . .
. . .	. . .
. . .	. . .
. . .	. . .
. . .	. . .
. . .	. . .
. . .	. . .
. . .	. . .
. . .	. . .
. . .	. . .
. . .	. . .
. . .	. . .
. . .	. . .
. . .	. . .
. . .	. . .
. . .	. . .
. . .	. . .
. . .	. . .
. . .	. . .
. . .	. . .
. . .	. . .
. . .	. . .
. . .	. . .
. . .	. . .
. . .	. . .
. . .	. . .
. . .	. . .
. . .	. . .
. . .	. . .
. . .	. . .
. . .	. . .

SCHEDULE 2 — Approval of Third Country Competent Authorities

Approved third country competent authorities

1

• (1) The competent authorities of the EEA States and Gibraltar are approved as approved third country competent authorities on IP completion day and are listed in column 1 of Table 3 of this Schedule.

• (1A) The third country competent authorities which the European Commission has decided immediately before IP completion day are adequate to cooperate with the competent authorities of Member States on the exchange of audit working papers or other documents held by statutory auditors and audit firms under Article 47(3) of Directive 2006/43/EC of the European Parliament and of the Council of 17th May 2006 on statutory audits of annual accounts and consolidated accounts, amending Council Directives 78/660/EEC and 83/349/EEC and repealing Council Directive 84/253/EEC are approved as approved third country competent authorities and are listed in column 1 of Table 3 of this Schedule.

• (2) Approval is granted for an indefinite period, unless a date is recorded in column 2 of the Table against a third country competent authority's name, in which case the approval ceases to apply after that date.

Approved third country competent authority	Date of last day of approval
The Australian Securities and Investments Commission
Austrian Auditing Oversight Authority	. . .
Belgian Audit Oversight College	. . .
The Comissão de Valores Mobiliários of Brazil
Commission for public oversight of statutory auditors Bulgaria	. . .
The Canadian Public Accountability Board
The Ministry of Finance of the People's Republic of China	14 November 2024
The Securities Regulatory Commission of the People's Republic of China	14 November 2024
Ministry of Finance of the Republic of Croatia	. . .
Cyprus Audit Oversight Board	. . .
Public Audit Oversight Board of the Czech Republic	. . .
Danish Business Authority	. . .
The Dubai Financial Service Authority of Dubai International Financial Centre
Estonian Auditing Oversight Board	. . .
Finnish Patent and Registration Office - Auditor Oversight Unit	. . .
Haut Conseil du Commissariat aux Comptes France	. . .
Audit Oversight Body Germany	. . .
Gibraltar Financial Services Commission	. . .
Hellenic Accounting and Auditing Standards Oversight Board	. . .
The Registrar of Companies of Guernsey
Auditors' Public Oversight Authority - Ministry for National Economy of Hungary	. . .
Audit Oversight Board Iceland	. . .
. . .	. . .
Irish Auditing and Accounting Supervisory Authority	. . .
Isle of Man Financial Services Authority
Commissione Nazionale per le Societa e la Borsa Italy	. . .
The Financial Services Agency of Japan
The Certified Public Accountants and Auditing Oversight Board of Japan
The Jersey Financial Services Commission
Ministry of Finance of Latvia Commercial Companies Audit Policy and Oversight Unit	. . .
Financial market authority Liechtenstein	. . .
Authority of Audit, Accounting, Property Valuation and Insolvency of Lithuania	. . .
Commission de Surveillance du Secteur Financier Luxembourg	. . .
The Audit Oversight Board of Malaysia
Accountancy Board Malta	. . .
The Netherlands Authority for the Financial Markets	. . .
Finanstilsynet Norway	. . .
Audit Oversight Commission Poland	. . .
Comissão do Mercado de Valores Mobiliários Portugal	. . .
Authority for Public Oversight of the Statutory Audit Activity Romania	. . .
Auditing Oversight Authority Slovakia	. . .
Agency of Public Oversight of Auditing Slovenia	. . .
The Independent Regulatory Board for Auditors of South Africa	30 April 2026
The Financial Services Commission of South Korea
Financial Supervisory Service of South Korea
Instituto de Contabilidad y Auditoría de Cuentas Spain	. . .
Swedish Inspectorate of Auditors	. . .
The Federal Audit Oversight Authority of Switzerland
The Financial Supervisory Commission of Taiwan
The Securities and Exchange Commission of Thailand
The Public Company Accounting Oversight Board of the United States of America	. . .
The Securities and Exchange Commission of the United States of America	. . .

SCHEDULE 3 — Revocation of retained direct EU legislation

1

The following instruments are revoked—

• (a) Commission Decision No. 2008/627/EC of 29 July 2008 concerning a transitional period for audit activities of certain third country auditors and audit entities;

• (b) Commission Decision 2010/64 of 5 February 2010 on the adequacy of the competent authorities of certain third countries pursuant to Directive 2006/43/EC of the European Parliament and of the Council;

• (c) Commission Decision 2010/485/EU of 1 September 2010 on the adequacy of the competent authorities of Australia and the United States pursuant to Directive 2006/43/EC of the European Parliament and of the Council;

• (d) Commission Decision 2011/30/EU of 19 January 2011 on the equivalence of certain third country public oversight, quality assurance, investigation and penalty systems for auditors and audit entities and a transitional period for audit activities of certain third country auditors and audit entities in the European Union;

• (e) Commission Implementing Decision 2013/281/EU of 11 June 2013 on the equivalence of the public oversight, quality assurance, investigation and penalty systems for auditors and audit entities of the United States of America pursuant to Directive 2006/43/EC of the European Parliament and the Council;

• (f) Commission Implementing Decision 2013/288/EU of 13 June 2013 amending Decision 2011/30/EU on the equivalence of certain third country public oversight, quality assurance, investigation and penalty systems for auditors and audit entities and a transitional period for audit activities of certain third country auditors and audit entities in the European Union;

• (g) Commission Implementing Decision (EU) 2016/1010 of 21 June 2016 on the adequacy of the competent authorities of certain third countries and territories pursuant to Directive 2006/43/EC of the European Parliament and of the Council;

• (h) Commission Implementing Decision (EU) 2016/1155 of 14 July 2016 on the equivalence of the public oversight, quality assurance, investigation and penalty systems for auditors and audit entities of the United States of America pursuant to Directive 2006/43/EC of the European Parliament and the Council;

• (i) Commission Implementing Decision (EU) 2016/1156 of 14 July 2016 on the adequacy of the competent authorities of the United States of America pursuant to Directive 2006/43/EC of the European Parliament and of the Council;

• (j) Commission Implementing Decision (EU) 2016/1223 of 25 July 2016 amending Decision 2011/30/EU on the equivalence of certain third country public oversight, quality assurance, investigation and penalty systems for auditors and audit entities and a transitional period for audit activities of certain third country auditors and audit entities in the European Union.

• (k) Commission Implementing Decision (EU) 2019/1874 of 6 November 2019 on the adequacy of the competent authorities of the People’s Republic of China pursuant to Directive 2006/43/EC of the European Parliament and of the Council.

SCHEDULE 4 — Transitional provisions

1

The amendments made by the following regulations do not apply in relation to audits of accounts for financial years that begin before IP completion day—

• (za) regulations 4 and 50(b);

• (a) regulations 8(a)(i), 53(a)(i) and 66(d)(i), in so far as they exempt public interest entities, whose transferable securities are admitted to trading on a regulated market situated or operating in an EEA State but not in the United Kingdom, from having to appoint auditors in accordance with—

• (i) Articles 16 and 17 of the Audit Regulation;

• (ii) sections 485A to 485C, 489A to 489C and 494ZA of the Companies Act 2006; and

• (iii) in relation to limited liability partnerships, sections 485A to 485C and 494ZA of the Companies Act 2006 as applied with modifications by regulations 34A and 38A of the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008;

• (b) regulations 32(d)(i) and 66(d)(i), in so far as they exempt statutory auditors of public interest entities, whose transferable securities are admitted to trading on a regulated market situated or operating in an EEA State but not in the United Kingdom, from being subject to—

• (i) regulations 5(1)(f) and 9(1) of the Statutory Auditors and Third Country Auditors Regulations 2016 and Articles 24(1)(a) and (c), and 26 of the Audit Regulation, on inspections of audits of public interest entities by the competent authority and any enforcement action taken following those inspections; and

• (ii) paragraph 10C of Schedule 10 to the Companies Act 2006, regulations 13 and 13A of, and Schedule 1 to, the Statutory Auditors and Third Country Auditors Regulations 2016, and Articles 4 to 11, 17(7) and 18 of the Audit Regulation, on technical standards and of other standards of professional ethics and internal quality control of statutory audits of public interest entities;

• (c) regulation 80(a)(iv) and (vi), and (d)(iv)—

• (i) in relation to the provision of non-audit services to subsidiary undertakings in third countries which are not EEA States and parent undertakings in EEA States; and

• (ii) where, for the purposes of Article 5(1) of the Audit Regulation, “within the Union” means in an EEA State or the United Kingdom.

2

In relation to audits of accounts for financial years that begin before IP completion day —

• (a) Gibraltar, or a third country which immediately before IP completion day was an EEA State, is to be treated by the competent authority as if it is an equivalent third country;

• (b) a third country which was determined by the European Commission as having an equivalent system of audit inspections, investigations and sanctions to those in the European Union by virtue of an instrument adopted under Article 46(2) of Directive 2006/43/EC of the European Parliament and of the Council on statutory audits of annual accounts and consolidated accounts, is to be treated by the competent authority as an equivalent third country for those financial years to which the instrument applied in relation to that country;

• (c) a third country which was the subject of transitional arrangements in respect of its system of audit inspections, investigations and sanctions in the European Union by virtue of an instrument adopted under Article 46(2) of Directive 2006/43/EC of the European Parliament and of the Council on statutory audits of annual accounts and consolidated accounts, is to be treated by the competent authority as a transitional third country for those financial years to which the instrument applied in relation to that country.

3

For investigations under the Statutory Auditors and Third Country Auditors Regulations 2016 that begin before IP completion day, and any enforcement action taken under those Regulations following those investigations, the amendments made by regulations 32(d)(i) and 66(d)(i) do not apply in so far as they exempt statutory auditors of public interest entities, whose transferable securities are admitted to trading on a regulated market situated or operating in an EEA State but not in the United Kingdom, from being subject to regulation 5(1)(f) and Schedule 2 to the Statutory Auditors and Third Country Auditors Regulations 2016, and Article 24(1)(b) and (c) of the Audit Regulation, on investigations of audits of public interest entities by the competent authority.

4

For the purposes of this Schedule—

• (a) the definitions in Part 42 of the Companies Act 2006 apply; and

• (b) Gibraltar must be treated as if it were an EEA State.

Signed

Kelly Tolhurst — Minister for Small Business, Consumers and Corporate Responsibility — 2019-02-01

Explanatory note

(This note is not part of the Regulations)

Footnotes

[^f00001]: 1972 c. 68. Section 2(2) was amended by section 27(1) of the Legislative and Regulatory Reform Act 2006 (c. 51) and by section 3 of, and Part 1 of the Schedule to, the European Union (Amendment) Act 2008 (c. 7).

[^f00002]: 2000 c. 12.

[^f00003]: 2004 c. 27.

[^f00004]: 2006 c. 46.

[^f00005]: 2018 c. 16.

[^f00006]: S.I. 2007/1679.

[^f00007]: See section 20(1) of the European Union (Withdrawal) Act 2018 for the meaning of “exit day”.

[^f00008]: Section 479A was inserted by regulation 7 of S.I. 2012/2301. Subsection (2)(c)(i) was substituted by regulation 10(2) of S.I. 2015/980.

[^f00009]: Section 494ZA was inserted by regulation 12(14) of S.I. 2017/516. Subsection (5) was amended by paragraph 20 of Schedule 1 to S.I. 2017/1164.

[^f00010]: Section 494A was inserted by paragraph 12 of Schedule 3 to S.I. 2016/649.

[^f00011]: Sourcebooks made by the Financial Conduct Authority are available on https://www.handbook.fca.org.uk/handbook and copies of the rules referred to can be obtained from the Financial Conduct Authority, 12 Endeavour Square, London E20 1JN, where it is also available for inspection.

[^f00012]: 2000 c. 8. Part 9A was inserted by section 24(1) of the Financial Services Act 2012 (c. 21).

[^f00013]: The Rulebook is available on http://www.prarulebook.co.uk and copies of the rules referred to can be obtained from the Prudential Regulation Authority, 20 Moorgate, London EC2R 6DA, where it is also available for inspection.

[^f00014]: The expression of “public interest company” in this definition was amended to “public interest entity” by regulation 12(15) of S.I. 2017/516.

[^f00015]: OJ No. L 374 31.12.91, p. 7.

[^f00016]: The definition of “transferable securities” was amended by paragraph 9(3) of Schedule 4 to S.I. 2017/701.

[^f00017]: Section 519A was inserted by section 18(3) of the Deregulation Act 2015 (c. 20).

[^f00018]: The definition of “public interest company” was substituted by paragraph 26(2) of Schedule 3 to S.I. 2016/649.

[^f00019]: The definition of “regulated market” was substituted by paragraph 26(2) of Schedule 3 to S.I. 2016/649.

[^f00020]: The definition of “transferable securities” was substituted by paragraph 26(2) of Schedule 3 to S.I. 2016/649, and amended by paragraph 9(4) of Schedule 4 to S.I. 2017/701.

[^f00021]: The definition of “MiFID investment firm” was inserted by regulation 3(7)(b) of S.I. 2007/2932, and amended by paragraphs 9(5)(a), (b) and (c) of Schedule 4 to S.I. 2017/701 and regulation 3 of S.I. 2018/786.

[^f00022]: OJ No. L 173 12.06.2014, p. 84.

[^f00023]: S.I. 2001/544.

[^f00024]: Section 1210(1)(c) was substituted by regulation 13(2)(a) of S.I. 2017/516.

[^f00025]: The definition of “bank” was amended by paragraph 42(3) of Schedule 2 to S.I. 2013/3115 and article 3(1) and Part 1 of the Schedule to S.I. 2012/1809.

[^f00026]: The definition of “regulated market” was inserted by regulation 13(2)(b) of S.I. 2017/516.

[^f00027]: Section 1223A was inserted by regulation 7(1) of S.I. 2007/3494.

[^f00028]: Section 1224A was inserted by regulation 8(1) of S.I. 2007/3494.

[^f00029]: The heading for section 1241 was substituted by regulation 31(2) of S.I. 2007/3494.

[^f00030]: Section 1241(2) was amended by regulation 31(4) of S.I. 2007/3494.

[^f00031]: Subsection (3) was amended by paragraph 9(8)(a) and (b) of Schedule 4 to S.I. 2017/701.

[^f00032]: Section 1242(1) was amended by regulation 32(2)(a) and (b) of S.I. 2007/3494 and regulation 14 of S.I. 2013/1672.

[^f00033]: Section 1242(2)9a) was amended by regulation 32(3) of S.I. 2007/3494.

[^f00034]: Section 1253A was inserted by regulation 14(1) of S.I. 2007/3494.

[^f00035]: Section 1253B was inserted by regulation 14(1) of S.I. 2007/3494.

[^f00036]: Subsection (1) was substituted by paragraph 41(2) of Schedule 3 to S.I. 2016/649.

[^f00037]: Subsection (4) was substituted by paragraph 41(4) of Schedule 3 to S.I. 2016/649.

[^f00038]: Section 1253C was inserted by regulation 14(1) of S.I. 2007/3494. Subsection (2) was amended by article 6(2) of S.I. 2011/1043.

[^f00039]: Subsection (1) was substituted by paragraph 42(2) of Schedule 3 to S.I. 2016/649.

[^f00040]: Subsection (2) was amended by article 6(2) of S.I. 2011/1043.

[^f00041]: Section 1253D was inserted by regulation 15(1) of S.I. 2007/3494, and substituted by regulation 2 of S.I. 2010/2537.

[^f00042]: Subsection (1) was amended by paragraph 43(2) of Schedule 3 to S.I. 2016/649.

[^f00043]: Subsection (2) was amended by regulation 13(5) of S.I. 2017/516.

[^f00044]: Section 1253DD was inserted by regulation 15(1) of S.I. 2007/3494, and substituted by regulation 2 of S.I. 2010/2537. Subsection (1) was amended by paragraph 47(1) of Schedule 3 to S.I. 2016/649.

[^f00045]: Subsection (1) was amended by paragraph 47(1) of Schedule 3 to S.I. 2016/649.

[^f00046]: Section 1253DE was inserted by regulation 15(1) of S.I. 2007/3494, and substituted by regulation 2 of S.I. 2010/2537. Subsection (1) was amended by paragraph 48(2) of Schedule 3 to S.I. 2016/649.

[^f00047]: Section 1253E was inserted by regulation 15(1) of S.I. 2007/3494, and substituted by regulation 3 of S.I. 2010/2537.

[^f00048]: S.I. 2016/649.

[^f00049]: Subsection (8) was amended by paragraph 49(2) of Schedule 3 to S.I. 2016/649 and regulation 13(6) of S.I. 2017/516.

[^f00050]: Section 1254(1)(a) was substituted by regulation 13(7)(a) of S.I. 2017/516.

[^f00051]: The definition of “the Audit Directive” was inserted by regulation 2(2) of S.I. 2007/3494.

[^f00052]: The definition of “audit working papers” was inserted by regulation 2(2) of S.I. 2007/3494 and substituted to “audit working papers and investigation reports” by paragraph 51(2)(a) of Schedule 3 to S.I. 2016/649.

[^f00053]: The definitions “EEA auditor” and “EEA competent authority” were inserted by regulation 2(2) of S.I. 2007/3494.

[^f00054]: OJ No. L 173 12.06.2014, p. 84.

[^f00055]: The definition of “third country” was inserted by regulation 2(2) of S.I. 2007/3494.

[^f00056]: The definition of “transfer” was inserted by regulation 6(4) of S.I. 2010/2537, and amended by paragraph 51(2)(e) of Schedule 3 to S.I. 2016/649.

[^f00057]: Section 1261(2A) was inserted by regulation 2(3) of S.I. 2007/3494.

[^f00058]: The definition of “approved third country competent authority” was inserted by regulation 6(5) of S.I. 2010/2537.

[^f00059]: The row containing the expression “UK-traded non-EEA company” was inserted by regulation 3(2) of S.I. 2007/3494.

[^f00060]: Sub-paragraph (1)(c) was inserted by paragraph 57(4) of Schedule 3 to S.I. 2016/649.

[^f00061]: Sub-paragraph (1A) was inserted by paragraph 57(5) of Schedule 3 to S.I. 2016/649.

[^f00062]: Sub-paragraph (1B) was inserted by paragraph 57(5) of Schedule 3 to S.I. 2016/649.

[^f00063]: Sub-paragraph (2C) was inserted by regulation 17(4) of S.I. 2007/3494, substituted by paragraph 57(7) of Schedule 3 to S.I. 2016/649, and amended by regulation 13(8)(a) of S.I. 2017/516.

[^f00064]: Sub-paragraph (2)(a)(ii) was amended by regulation 18(2) of S.I. 2007/3494.

[^f00065]: Sub-paragraph (2)(b)(ii) was amended by regulation 18(2) of S.I. 2007/3494.

[^f00066]: Paragraph 13 was substituted by paragraph 65 of Schedule 3 to S.I. 2016/649.

[^f00067]: Paragraph 16AA was inserted by regulation 5 of S.I. 2010/2537, and amended by regulation 13(8)(b) of S.I. 2017/516.

[^f00068]: Paragraph 20A was inserted by paragraph 71 of Schedule 3 to S.I. 2016/649.

[^f00069]: The definition of “transferable securities” was amended by paragraph 9(9) of Schedule 4 to S.I. 2017/701.

[^f00070]: Schedule 11A was inserted by regulation 8(2) and the Schedule to S.I. 2007/3494. Paragraph 78 was amended by article 6(1) of S.I. 2011/1043.

[^f00071]: Paragraph 78 was amended by article 6(1) of S.I. 2011/1043.

[^f00072]: The cross-heading was amended by regulation 33(2) of S.I. 2007/3494.

[^f00073]: Sub-paragraph (1)(a) was amended by regulation 33(3)(a) of S.I. 2007/3494.

[^f00074]: Sub-paragraph (2)(1)(a) was substituted by regulation 17(2) of S.I. 2013/1672.

[^f00075]: 1986 c. 53.

[^f00076]: Paragraph 3E was inserted by regulation 2(6)(d) of S.I. 2017/516.

[^f00077]: 1992 c. 40.

[^f00078]: Schedule 14A was inserted by regulation 11 of S.I. 2017/516.

[^f00079]: 2004 c. 27.

[^f00080]: Section 15D(4)(aa)(i) was inserted by paragraph 232(2) of Schedule 1 to S.I. 2008/948, and substituted by paragraph 1(2)(a) of Schedule 5 to S.I. 2016/649.

[^f00081]: Sub-section (2)(ea) was inserted by paragraph 1(3) of Schedule 5 to S.I. 2016/649.

[^f00082]: The definition of “company” was amended by paragraph 222(2) of Schedule 1 to S.I. 2009/1941.

[^f00083]: A company registered in England and Wales with number 02486368.

[^f00084]: The definition of “subsidiary” was amended by paragraph 222(3) of Schedule 1 to S.I. 2009/1941.

[^f00085]: 2014 c. 2.

[^f00086]: S.I. 2008/565.

[^f00087]: Regulation 2(4)(a) was amended by paragraph 27(2)(a) of Schedule 2 to the Solvency 2 Regulations 2015 (S.I. 2015/575).

[^f00088]: S.I. 2008/1911.

[^f00089]: Regulation 34A was inserted by regulation 20(4) of the Companies and Limited Liability Partnerships (Accounts and Audit Exemptions and Change of Accounting Framework) Regulations 2012 (S.I. 2012/2301).

[^f00090]: Subsection (2)(c)(i) of section 479A of the Companies Act 2006, as set out in regulation 34A, was substituted by regulation 22(2) of the Limited Liability Partnerships, Partnerships and Groups (Accounts and Audit) Regulations 2016 (S.I. 2016/575).

[^f00091]: Regulation 38A was inserted by paragraph 12 of Schedule 3 to the Statutory Auditors Regulations 2017 (S.I. 2017/1164).

[^f00092]: Regulation 38B was inserted by paragraph 12 of Schedule 3 to the Statutory Auditors Regulations 2017 (S.I. 2017/1164).

[^f00093]: Sourcebooks made by the Financial Conduct Authority are available on https://www.handbook.fca.org.uk/handbook and copies of the rules referred to can be obtained from the Financial Conduct Authority, 12 Endeavour Square, London E20 1JN, where it is also available for inspection.

[^f00094]: 2000 c. 8. Part 9A was inserted by section 24(1) of the Financial Services Act 2012 (c. 21).

[^f00095]: The Rulebook is available on http://www.prarulebook.co.uk and copies of the rules referred to can be obtained from the Prudential Regulation Authority, 20 Moorgate, London EC2R 6DA, where it is also available for inspection.

[^f00096]: Regulation (EU) No. 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No. 648/2012, OJ No. L 176, 27.6.2013, p. 1.

[^f00097]: Subsection (1)(b)(ii) of the Companies Act 2006, as set out in regulation 41, was substituted by paragraph 15(b) of Schedule 3 to the Statutory Auditors Regulations 2017 (S.I. 2017/1164).

[^f00098]: Section 519A of the Companies Act 2006, as set out in regulation 46, was inserted by paragraph 19(b) of Schedule 3 to the Statutory Auditors Regulations 2017 (S.I. 2017/1164).

[^f00099]: S.I. 2012/1741.

[^f00100]: Paragraph 6 was inserted by regulation 19(2) of the Statutory Auditors and Third Country Auditors Regulations 2016 (S.I. 2016/649). Sub-paragraphs (a) and (b) were amended by regulation 18(a) and (b) of the Statutory Auditors Regulations 2017 (S.I. 2017/1164).

[^f00101]: S.I. 2017/1164.

[^f00102]: S.I. 2013/1672.

[^f00103]: Paragraph (d) was substituted by regulation 20(2)(a) of the Statutory Auditors and Third Country Auditors Regulations 2016 (S.I. 2016/649).

[^f00104]: S.I. 2016/571.

[^f00105]: Regulation 2(2) was amended by regulation 23(2) of the Statutory Auditors and Third Country Auditors Regulations 2016 (S.I. 2016/649).

[^f00106]: S.I. 2016/649.

[^f00107]: 1992 c. 40. Section 78A was inserted by paragraph 3 of the Schedule to S.I. 2005/2211. Subsection (3) was inserted by paragraph 15(3) of Schedule 1 to S.I. 2008/948, substituted by regulation 9 of S.I. 2017/516 and amended regulation 7(b) of S.I. 2018/1039.

[^f00108]: The International Standards on Auditing (“ISAs”) are found in the 2016-2017 Handbook of International Quality Control, Auditing, Review, Other Assurance, and Related Services Pronouncements made by the International Auditing and Assurance Standards Board (“IAASB”) and available on https://www.ifac.org/publications-resources/2016-2017-handbook-international-quality-control-auditing-review-other.

[^f00109]: The International Standards on Quality Control (“ISQC 1”)are found in the 2016-2017 Handbook of International Quality Control, Auditing, Review, Other Assurance, and Related Services Pronouncements made by the International Auditing and Assurance Standards Board (“IAASB”) and available on https://www.ifac.org/publications-resources/2016-2017-handbook-international-quality-control-auditing-review-other.

[^f00110]: The International Federation of Accountants (“IFAC”) is an international membership organisation for the accountancy profession, based in New York, which supports the development, adoption and implementation of international standards in auditing and other relevant sectors (see https://www.ifac.org).

[^f00111]: The International Auditing and Assurance Standards Board (“IAASB”) is an independent standard-setting board, supported by the IFAC, that sets standards for auditing, assurance and other relevant areas (see https://www.iaasb.org).

[^f00112]: Regulation (EU) No. 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No. 648/2012, OJ No. L 176, 27.6.2013, p. 1.

[^f00113]: OJ No. L 374, 31.12.1991, p. 7.

[^f00114]: Paragraph (11)(j) was amended by regulation 14(2) of the Statutory Auditors and Third Country Auditors Regulations 2017 (S.I. 2017/516).

[^f00115]: 2000 c. 8.

[^f00116]: S.I. 2001/2587.

[^f00117]: 2006 c. 46. Sections 485A and 485B were inserted by paragraph 4 of Schedule 3 to S.I. 2016/649 and amended by regulation 12(2)(a) to (d), and (3)(a) and (b) respectively, of S.I. 2017/516. Section 485C was inserted by regulation 12(4) of S.I. 2017/516. Sections 489A and 489B were inserted by paragraph 8 of Schedule 3 to S.I. 2016/649 and amended by regulation 12(8)(a) to (d), and (9)(a) and (b) respectively, of S.I. 2017/516. Section 489C was inserted by regulation 12(10) of S.I. 2017/516. Section 494ZA was inserted by regulation 12(14) of S.I. 2017/516 and amended by paragraph 20 of Schedule to S.I. 2017/1164.

[^f00118]: 1986 c. 53. Paragraphs 3B and 3C of Schedule 11 were inserted by paragraph 8(a) of Schedule 4 to S.I. 2016/649 and amended by regulation 2(6)(b)(i) to (v) of S.I. 2017/516. Paragraphs 3D and 3E of Schedule 11 were inserted by regulation 2(6)(d) of S.I. 2017/516. Paragraph 3DA of Schedule 11 was inserted by paragraph 3 of Schedule 1 to S.I. 2017/1164.

[^f00119]: 1992 c. 40. Schedule 14A was inserted by regulation 1 of S.I. 2017/516. Paragraph 4A of Schedule 14A was inserted by paragraph 6 of Schedule 1 to S.I. 2017/1164.

[^f00120]: S.I. 2008/1911.

[^f00121]: S.I. 2008/565.

[^f00122]: S.I. 2017/692; amended by S.I. 2017/752, 2017/1064 and paragraphs 411 to 419 of Schedule 9 to the Data Protection Act 2018 (c. 12).

[^f00123]: 2002 c. 79. Section 330(6) was substituted by section 104(3) of the Serious Organised Crime and Police Act 2005 (c. 15) and amended by article 2(2) and (3) of S.I. 2006/308, and paragraph 2 of Schedule 2 to S.I. 2007/3398. Section 330(7A) was inserted by section 102(5) of the Serious Organised Crime and Police Act 2005. Section 333A was inserted by paragraph 4 of Schedule 2 to S.I. 2007/3398 and amended by paragraph 132 of Schedule 8 to the Crime and Courts Act 2013 (c. 22). Section 342 was amended by paragraph 2 of Schedule 10 to the Serious Crime Act 2007 (c. 27), paragraph 3(a) and (b) of Schedule 19 to the Coroners and Justice Act 2009 (c. 25), paragraph 8(2) and (3) of Schedule 2 to S.I. 2007/3398 and paragraph 40 of Schedule 5 to the Criminal Finances Act 2017 (c. 22).

[^f00124]: 2017 c. 22.

[^f00125]: 2000 c. 11.

[^f00126]: Section 487 was amended by regulation 12(6)(a) and (b) of S.I. 2017/516.

[^f00127]: 2000 c. 8.

[^f00128]: S.I. 2001/2587.

[^f00129]: The UK financial services regulator, with primary responsibility for the conduct of firms authorised under the Financial Services and Markets Act 2000 (c. 8).

Amendment of Schedules 11, 11A and 12 to the Companies Act 2006

Amendment of the Friendly Societies Act 1992

Amendment of the Companies (Audit, Investigations and Community Enterprise) Act 2004

Amendment of the Local Audit and Accountability Act 2014

Amendment of Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008

Amendment of the Statutory Auditors (Amendment of Companies Act 2006 and Delegation of Functions etc) Order 2012

Amendment of the Statutory Auditors and Third Country Auditors Regulations 2013

Amendment of the Companies (Bodies Concerned with Auditing Standards etc.) (Exemption from Liability) Regulations 2016

Amendment of the Statutory Auditors and Third Country Auditors Regulations 2016

Editorial notes

[^c23586021]: 1972 c. 68. Section 2(2) was amended by section 27(1) of the Legislative and Regulatory Reform Act 2006 (c. 51) and by section 3 of, and Part 1 of the Schedule to, the European Union (Amendment) Act 2008 (c. 7).

[^c23586031]: 2000 c. 12.

[^c23586041]: 2004 c. 27.

[^c23586051]: 2006 c. 46.

[^c23586061]: 2018 c. 16.

[^c23586071]: S.I. 2007/1679.

[^c23586081]: See section 20(1) of the European Union (Withdrawal) Act 2018 for the meaning of “exit day”.

[^c23586101]: Section 494ZA was inserted by regulation 12(14) of S.I. 2017/516. Subsection (5) was amended by paragraph 20 of Schedule 1 to S.I. 2017/1164.

[^c23586111]: Section 494A was inserted by paragraph 12 of Schedule 3 to S.I. 2016/649.

[^c23586121]: Sourcebooks made by the Financial Conduct Authority are available on https://www.handbook.fca.org.uk/handbook and copies of the rules referred to can be obtained from the Financial Conduct Authority, 12 Endeavour Square, London E20 1JN, where it is also available for inspection.

[^c23586131]: 2000 c. 8. Part 9A was inserted by section 24(1) of the Financial Services Act 2012 (c. 21).

[^c23586141]: The Rulebook is available on http://www.prarulebook.co.uk and copies of the rules referred to can be obtained from the Prudential Regulation Authority, 20 Moorgate, London EC2R 6DA, where it is also available for inspection.

[^c23586151]: The expression of “public interest company” in this definition was amended to “public interest entity” by regulation 12(15) of S.I. 2017/516.

[^c23586161]: OJ No. L 374 31.12.91, p. 7.

[^c23586171]: The definition of “transferable securities” was amended by paragraph 9(3) of Schedule 4 to S.I. 2017/701.

[^c23586181]: Section 519A was inserted by section 18(3) of the Deregulation Act 2015 (c. 20).

[^c23586191]: The definition of “public interest company” was substituted by paragraph 26(2) of Schedule 3 to S.I. 2016/649.

[^c23586201]: The definition of “regulated market” was substituted by paragraph 26(2) of Schedule 3 to S.I. 2016/649.

[^c23586211]: The definition of “transferable securities” was substituted by paragraph 26(2) of Schedule 3 to S.I. 2016/649, and amended by paragraph 9(4) of Schedule 4 to S.I. 2017/701.

[^c23586221]: The definition of “MiFID investment firm” was inserted by regulation 3(7)(b) of S.I. 2007/2932, and amended by paragraphs 9(5)(a), (b) and (c) of Schedule 4 to S.I. 2017/701 and regulation 3 of S.I. 2018/786.

[^c23586231]: OJ No. L 173 12.06.2014, p. 84.

[^c23586241]: S.I. 2001/544.

[^c23586251]: Section 1210(1)(c) was substituted by regulation 13(2)(a) of S.I. 2017/516.

[^c23586261]: The definition of “bank” was amended by paragraph 42(3) of Schedule 2 to S.I. 2013/3115 and article 3(1) and Part 1 of the Schedule to S.I. 2012/1809.

[^c23586271]: The definition of “regulated market” was inserted by regulation 13(2)(b) of S.I. 2017/516.

[^c23586281]: Section 1223A was inserted by regulation 7(1) of S.I. 2007/3494.

[^c23586291]: Section 1224A was inserted by regulation 8(1) of S.I. 2007/3494.

[^c23586301]: The heading for section 1241 was substituted by regulation 31(2) of S.I. 2007/3494.

[^c23586311]: Section 1241(2) was amended by regulation 31(4) of S.I. 2007/3494.

[^c23586321]: Subsection (3) was amended by paragraph 9(8)(a) and (b) of Schedule 4 to S.I. 2017/701.

[^c23586331]: Section 1242(1) was amended by regulation 32(2)(a) and (b) of S.I. 2007/3494 and regulation 14 of S.I. 2013/1672.

[^c23586341]: Section 1242(2)9a) was amended by regulation 32(3) of S.I. 2007/3494.

[^c23586351]: Section 1253A was inserted by regulation 14(1) of S.I. 2007/3494.

[^c23586361]: Section 1253B was inserted by regulation 14(1) of S.I. 2007/3494.

[^c23586371]: Subsection (1) was substituted by paragraph 41(2) of Schedule 3 to S.I. 2016/649.

[^c23586381]: Subsection (4) was substituted by paragraph 41(4) of Schedule 3 to S.I. 2016/649.

[^c23586391]: Section 1253C was inserted by regulation 14(1) of S.I. 2007/3494. Subsection (2) was amended by article 6(2) of S.I. 2011/1043.

[^c23586401]: Subsection (1) was substituted by paragraph 42(2) of Schedule 3 to S.I. 2016/649.

[^c23586411]: Subsection (2) was amended by article 6(2) of S.I. 2011/1043.

[^c23586421]: Section 1253D was inserted by regulation 15(1) of S.I. 2007/3494, and substituted by regulation 2 of S.I. 2010/2537.

[^c23586431]: Subsection (1) was amended by paragraph 43(2) of Schedule 3 to S.I. 2016/649.

[^c23586441]: Subsection (2) was amended by regulation 13(5) of S.I. 2017/516.

[^c23586451]: Section 1253DD was inserted by regulation 15(1) of S.I. 2007/3494, and substituted by regulation 2 of S.I. 2010/2537. Subsection (1) was amended by paragraph 47(1) of Schedule 3 to S.I. 2016/649.

[^c23586461]: Subsection (1) was amended by paragraph 47(1) of Schedule 3 to S.I. 2016/649.

[^c23586471]: Section 1253DE was inserted by regulation 15(1) of S.I. 2007/3494, and substituted by regulation 2 of S.I. 2010/2537. Subsection (1) was amended by paragraph 48(2) of Schedule 3 to S.I. 2016/649.

[^c23586481]: Section 1253E was inserted by regulation 15(1) of S.I. 2007/3494, and substituted by regulation 3 of S.I. 2010/2537.

[^c23586491]: S.I. 2016/649.

[^c23586501]: Subsection (8) was amended by paragraph 49(2) of Schedule 3 to S.I. 2016/649 and regulation 13(6) of S.I. 2017/516.

[^c23586511]: Section 1254(1)(a) was substituted by regulation 13(7)(a) of S.I. 2017/516.

[^c23586521]: The definition of “the Audit Directive” was inserted by regulation 2(2) of S.I. 2007/3494.

[^c23586531]: The definition of “audit working papers” was inserted by regulation 2(2) of S.I. 2007/3494 and substituted to “audit working papers and investigation reports” by paragraph 51(2)(a) of Schedule 3 to S.I. 2016/649.

[^c23586541]: The definitions “EEA auditor” and “EEA competent authority” were inserted by regulation 2(2) of S.I. 2007/3494.

[^c23586551]: OJ No. L 173 12.06.2014, p. 84.

[^c23586561]: The definition of “third country” was inserted by regulation 2(2) of S.I. 2007/3494.

[^c23586571]: The definition of “transfer” was inserted by regulation 6(4) of S.I. 2010/2537, and amended by paragraph 51(2)(e) of Schedule 3 to S.I. 2016/649.

[^c23586581]: Section 1261(2A) was inserted by regulation 2(3) of S.I. 2007/3494.

[^c23586591]: The definition of “approved third country competent authority” was inserted by regulation 6(5) of S.I. 2010/2537.

[^c23586601]: The row containing the expression “UK-traded non-EEA company” was inserted by regulation 3(2) of S.I. 2007/3494.

[^c23586621]: Sub-paragraph (1A) was inserted by paragraph 57(5) of Schedule 3 to S.I. 2016/649.

[^c23586631]: Sub-paragraph (1B) was inserted by paragraph 57(5) of Schedule 3 to S.I. 2016/649.

[^c23586641]: Sub-paragraph (2C) was inserted by regulation 17(4) of S.I. 2007/3494, substituted by paragraph 57(7) of Schedule 3 to S.I. 2016/649, and amended by regulation 13(8)(a) of S.I. 2017/516.

[^c23586671]: Paragraph 13 was substituted by paragraph 65 of Schedule 3 to S.I. 2016/649.

[^c23586681]: Paragraph 16AA was inserted by regulation 5 of S.I. 2010/2537, and amended by regulation 13(8)(b) of S.I. 2017/516.

[^c23586691]: Paragraph 20A was inserted by paragraph 71 of Schedule 3 to S.I. 2016/649.

[^c23586701]: The definition of “transferable securities” was amended by paragraph 9(9) of Schedule 4 to S.I. 2017/701.

[^c23586711]: Schedule 11A was inserted by regulation 8(2) and the Schedule to S.I. 2007/3494. Paragraph 78 was amended by article 6(1) of S.I. 2011/1043.

[^c23586721]: Paragraph 78 was amended by article 6(1) of S.I. 2011/1043.

[^c23586731]: The cross-heading was amended by regulation 33(2) of S.I. 2007/3494.

[^c23586741]: Sub-paragraph (1)(a) was amended by regulation 33(3)(a) of S.I. 2007/3494.

[^c23586751]: Sub-paragraph (2)(1)(a) was substituted by regulation 17(2) of S.I. 2013/1672.

[^c23586761]: 1986 c. 53.

[^c23586771]: Paragraph 3E was inserted by regulation 2(6)(d) of S.I. 2017/516.

[^c23586781]: 1992 c. 40.

[^c23586791]: Schedule 14A was inserted by regulation 11 of S.I. 2017/516.

[^c23586801]: 2004 c. 27.

[^c23586811]: Section 15D(4)(aa)(i) was inserted by paragraph 232(2) of Schedule 1 to S.I. 2008/948, and substituted by paragraph 1(2)(a) of Schedule 5 to S.I. 2016/649.

[^c23586821]: Sub-section (2)(ea) was inserted by paragraph 1(3) of Schedule 5 to S.I. 2016/649.

[^c23586831]: The definition of “company” was amended by paragraph 222(2) of Schedule 1 to S.I. 2009/1941.

[^c23586841]: A company registered in England and Wales with number 02486368.

[^c23586851]: The definition of “subsidiary” was amended by paragraph 222(3) of Schedule 1 to S.I. 2009/1941.

[^c23586861]: 2014 c. 2.

[^c23586871]: S.I. 2008/565.

[^c23586881]: Regulation 2(4)(a) was amended by paragraph 27(2)(a) of Schedule 2 to the Solvency 2 Regulations 2015 (S.I. 2015/575).

[^c23586891]: S.I. 2008/1911.

[^c23586921]: Regulation 38A was inserted by paragraph 12 of Schedule 3 to the Statutory Auditors Regulations 2017 (S.I. 2017/1164).

[^c23586931]: Regulation 38B was inserted by paragraph 12 of Schedule 3 to the Statutory Auditors Regulations 2017 (S.I. 2017/1164).

[^c23586941]: Sourcebooks made by the Financial Conduct Authority are available on https://www.handbook.fca.org.uk/handbook and copies of the rules referred to can be obtained from the Financial Conduct Authority, 12 Endeavour Square, London E20 1JN, where it is also available for inspection.

[^c23586951]: 2000 c. 8. Part 9A was inserted by section 24(1) of the Financial Services Act 2012 (c. 21).

[^c23586961]: The Rulebook is available on http://www.prarulebook.co.uk and copies of the rules referred to can be obtained from the Prudential Regulation Authority, 20 Moorgate, London EC2R 6DA, where it is also available for inspection.

[^c23586971]: Regulation (EU) No. 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No. 648/2012, OJ No. L 176, 27.6.2013, p. 1.

[^c23586981]: Subsection (1)(b)(ii) of the Companies Act 2006, as set out in regulation 41, was substituted by paragraph 15(b) of Schedule 3 to the Statutory Auditors Regulations 2017 (S.I. 2017/1164).

[^c23586991]: Section 519A of the Companies Act 2006, as set out in regulation 46, was inserted by paragraph 19(b) of Schedule 3 to the Statutory Auditors Regulations 2017 (S.I. 2017/1164).

[^c23587001]: S.I. 2012/1741.

[^c23587011]: Paragraph 6 was inserted by regulation 19(2) of the Statutory Auditors and Third Country Auditors Regulations 2016 (S.I. 2016/649). Sub-paragraphs (a) and (b) were amended by regulation 18(a) and (b) of the Statutory Auditors Regulations 2017 (S.I. 2017/1164).

[^c23587021]: S.I. 2017/1164.

[^c23587031]: S.I. 2013/1672.

[^c23587041]: Paragraph (d) was substituted by regulation 20(2)(a) of the Statutory Auditors and Third Country Auditors Regulations 2016 (S.I. 2016/649).

[^c23587051]: S.I. 2016/571.

[^c23587061]: Regulation 2(2) was amended by regulation 23(2) of the Statutory Auditors and Third Country Auditors Regulations 2016 (S.I. 2016/649).

[^c23587071]: S.I. 2016/649.

[^c23587081]: 1992 c. 40. Section 78A was inserted by paragraph 3 of the Schedule to S.I. 2005/2211. Subsection (3) was inserted by paragraph 15(3) of Schedule 1 to S.I. 2008/948, substituted by regulation 9 of S.I. 2017/516 and amended regulation 7(b) of S.I. 2018/1039.

[^c23587091]: The International Standards on Auditing (“ISAs”) are found in the 2016-2017 Handbook of International Quality Control, Auditing, Review, Other Assurance, and Related Services Pronouncements made by the International Auditing and Assurance Standards Board (“IAASB”) and available on https://www.ifac.org/publications-resources/2016-2017-handbook-international-quality-control-auditing-review-other.

[^c23587101]: The International Standards on Quality Control (“ISQC 1”)are found in the 2016-2017 Handbook of International Quality Control, Auditing, Review, Other Assurance, and Related Services Pronouncements made by the International Auditing and Assurance Standards Board (“IAASB”) and available on https://www.ifac.org/publications-resources/2016-2017-handbook-international-quality-control-auditing-review-other.

[^c23587111]: The International Federation of Accountants (“IFAC”) is an international membership organisation for the accountancy profession, based in New York, which supports the development, adoption and implementation of international standards in auditing and other relevant sectors (see https://www.ifac.org).

[^c23587121]: The International Auditing and Assurance Standards Board (“IAASB”) is an independent standard-setting board, supported by the IFAC, that sets standards for auditing, assurance and other relevant areas (see https://www.iaasb.org).

[^c23587131]: Regulation (EU) No. 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No. 648/2012, OJ No. L 176, 27.6.2013, p. 1.

[^c23587141]: OJ No. L 374, 31.12.1991, p. 7.

[^c23587151]: Paragraph (11)(j) was amended by regulation 14(2) of the Statutory Auditors and Third Country Auditors Regulations 2017 (S.I. 2017/516).

[^c23587161]: 2000 c. 8.

[^c23587171]: S.I. 2001/2587.

[^c23587181]: 2006 c. 46. Sections 485A and 485B were inserted by paragraph 4 of Schedule 3 to S.I. 2016/649 and amended by regulation 12(2)(a) to (d), and (3)(a) and (b) respectively, of S.I. 2017/516. Section 485C was inserted by regulation 12(4) of S.I. 2017/516. Sections 489A and 489B were inserted by paragraph 8 of Schedule 3 to S.I. 2016/649 and amended by regulation 12(8)(a) to (d), and (9)(a) and (b) respectively, of S.I. 2017/516. Section 489C was inserted by regulation 12(10) of S.I. 2017/516. Section 494ZA was inserted by regulation 12(14) of S.I. 2017/516 and amended by paragraph 20 of Schedule to S.I. 2017/1164.

[^c23587191]: 1986 c. 53. Paragraphs 3B and 3C of Schedule 11 were inserted by paragraph 8(a) of Schedule 4 to S.I. 2016/649 and amended by regulation 2(6)(b)(i) to (v) of S.I. 2017/516. Paragraphs 3D and 3E of Schedule 11 were inserted by regulation 2(6)(d) of S.I. 2017/516. Paragraph 3DA of Schedule 11 was inserted by paragraph 3 of Schedule 1 to S.I. 2017/1164.

[^c23587201]: 1992 c. 40. Schedule 14A was inserted by regulation 1 of S.I. 2017/516. Paragraph 4A of Schedule 14A was inserted by paragraph 6 of Schedule 1 to S.I. 2017/1164.

[^c23587211]: S.I. 2008/1911.

[^c23587221]: S.I. 2008/565.

[^c23587231]: S.I. 2017/692; amended by S.I. 2017/752, 2017/1064 and paragraphs 411 to 419 of Schedule 9 to the Data Protection Act 2018 (c. 12).

[^c23587241]: 2002 c. 79. Section 330(6) was substituted by section 104(3) of the Serious Organised Crime and Police Act 2005 (c. 15) and amended by article 2(2) and (3) of S.I. 2006/308, and paragraph 2 of Schedule 2 to S.I. 2007/3398. Section 330(7A) was inserted by section 102(5) of the Serious Organised Crime and Police Act 2005. Section 333A was inserted by paragraph 4 of Schedule 2 to S.I. 2007/3398 and amended by paragraph 132 of Schedule 8 to the Crime and Courts Act 2013 (c. 22). Section 342 was amended by paragraph 2 of Schedule 10 to the Serious Crime Act 2007 (c. 27), paragraph 3(a) and (b) of Schedule 19 to the Coroners and Justice Act 2009 (c. 25), paragraph 8(2) and (3) of Schedule 2 to S.I. 2007/3398 and paragraph 40 of Schedule 5 to the Criminal Finances Act 2017 (c. 22).

[^c23587251]: 2017 c. 22.

[^c23587261]: 2000 c. 11.

[^c23587271]: Section 487 was amended by regulation 12(6)(a) and (b) of S.I. 2017/516.

[^c23587281]: 2000 c. 8.

[^c23587291]: S.I. 2001/2587.

[^c23587301]: The UK financial services regulator, with primary responsibility for the conduct of firms authorised under the Financial Services and Markets Act 2000 (c. 8).

[^key-a3987a89bd87820f38c2b503a8d1718f]: Reg. 1 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 2

[^key-77eb672e59c26b7c9fd9fc12aff9de91]: Reg. 2 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 2

[^key-047c23601f07b010c3d3dd3093f4c1aa]: Reg. 3 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 2

[^key-1b92095d627d83556e54f0226caf8461]: Reg. 4 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 2