Regulation 17

Amendments to Part 1 of the Companies (Audit, Investigations and Community Enterprise) Act 2004

1.

(1) Part 1 of the Companies (Audit, Investigations and Community Enterprise) Act 2004 is amended as follows.

(2) In section 15D(4) (permitted disclosure of information obtained under compulsory powers) -

(a) for paragraph (aa) substitute -

"(aa) for the purposes of facilitating -

(i) the carrying out of inspections under paragraph 1 of Schedule 12 to the Companies Act 2006 (arrangements for independent monitoring of audits of UK-traded non-EEA companies); or

(ii) the carrying out of investigations under paragraph 2 of that Schedule (arrangements for independent investigations for disciplinary purposes).";

(b) after paragraph (aa) insert -

"(ab) for the purposes of enabling the competent authority to exercise its functions under the Statutory Auditors and Third Country Auditors Regulations 2016 or under Regulation (EU) 537/2014 on specific requirements regarding statutory audit of public interest entities;".

(3) In section 16(2) (grants to bodies concerned with accounting standards etc), after paragraph (e) insert -