(1) Paragraph 6 of Schedule 10 to the Companies Act 2006 (holding of appropriate qualification) is amended as follows.

(2) In sub-paragraph (1)(a), after "individual" insert "other than an EEA auditor".

(3) After sub-paragraph (1)(a), insert -

"(aa) in the case of an individual who is an EEA auditor -

(i) he holds an appropriate qualification,

(ii) he has been authorised on or before 5 April 2008 to practise the profession of company auditor pursuant to the European Communities (Recognition of Professional Qualifications) (First General System) Regulations 2005 (S.I. 2005/18) and has fulfilled any requirements imposed pursuant to regulation 6 of those Regulations, or

(iii) he has passed an aptitude test in accordance with sub-paragraph (2), unless an aptitude test is not required (see sub-paragraph (2A)).".

(4) For sub-paragraph (2) substitute -

"(2) The aptitude test -

(a) must test the person's knowledge of subjects -

(i) that are covered by a recognised professional qualification,