For section 1253D of the Companies Act 2006 (restriction on transfer of audit working papers to third countries) [2006 c.46. Section 1253D was inserted by regulation 15 of S.I. 2007/3494.] substitute -

"1253D. Restriction on transfer of audit working papers to third countries

(1) Audit working papers must not be transferred to a third country competent authority except in accordance with -

(a) section 1253DA (transfer by Secretary of State),

(b) section 1253DB (transfer by statutory auditor with approval of Secretary of State), or

(c) section 1253DC (transfer by statutory auditor for purposes of investigation of auditor).

(2) The following are approved third country competent authorities for the purposes of this Part -

(a) the Australian Securities and Investments Commission;

(b) the Canadian Public Accountability Board;

(c) the Certified Public Accountants and Auditing Oversight Board of Japan;

(d) the Financial Services Agency of Japan;

(e) the Federal Audit Oversight Authority of Switzerland;

(f) the Public Company Accounting Oversight Board of the United States of America;