Regulation 14 Amendments to the Statutory Auditors and Third Country Auditors Regulations 2016
(1) The Statutory Auditors and Third Country Auditors Regulations 2016 [S.I. 2016/649.] are amended as follows.
(2) In regulation 5(11)(j), after "Schedule 14" insert "or Schedule 14A".
(3) For regulation 12 substitute -
(1) This regulation applies to any term in a contract which, in relation to the conduct of a statutory audit of an audited person other than a person which is a public interest entity, provides for the restriction of the audited person’s choice of statutory auditor to certain categories or lists of statutory auditors.
(2) A term to which this regulation applies has no effect.".