(1) Schedule 10 to the Companies Act 2006 [Schedule 10 was amended by S.I. 2007/3494 and 2010/2537.] (recognised supervisory bodies) is amended as follows.

(2) In paragraph 10A(4)(b) after "23" insert ", 23A".

(3) In paragraph 13 (monitoring of audits) -

(a) in sub-paragraph (1)(a) -

(i) omit "in the case of members of the body who do not perform any statutory audit functions in respect of major audits,";

(ii) after "of statutory audit functions" insert ", other than statutory audit functions in respect of major audits,";

(b) omit the "and" at the end of sub-paragraph (1)(b);

(c) after sub-paragraph (1)(b) insert -

"(ba) in the case of members of the body who perform any third country audit functions, participate in arrangements within paragraph 23A(1); and";

(d) in sub-paragraph (1)(c) after "statutory audit functions" insert "or third country audit functions";