A third country auditor must make a statement for the purposes of an application under regulation 7 (application for registration of third country auditor) to the effect that -

(a) if an individual, the third country auditor holds a qualification which meets requirements equivalent to those which apply to an appropriate qualification for the purposes of section 1219 [Section 1219 was amended by S.I. 2007/3494, regulation 5.] of the Act;

(b) if a firm–

(i) a majority of the members of the firm’s administrative or management body hold qualifications which meet requirements equivalent to those which apply to an appropriate qualification for the purposes of section 1219 of the Act, and

(ii) each individual who conducts audits of UK-traded third country companies on behalf of the firm holds a qualification which meets requirements equivalent to those which apply to an appropriate qualification for the purposes of that section;

(c) the third country auditor is a fit and proper person to conduct audits of UK-traded third country companies;

(d) the third country auditor conducts audits of UK-traded third country companies in accordance with -