In paragraph 6 (holding of appropriate qualification) -

(za) in sub-paragraph (1)(a), for "an EEA auditor" substitute "a third country auditor";

(zb) in sub-paragraph (1)(aa), for "an EEA auditor" substitute "a third country auditor";

(zc) in sub-paragraph (1)(b), omit "which is not an EEA auditor";

(a) omit sub-paragraph (1)(c);

(b) for sub-paragraph (1A) [Sub-paragraph (1A) was inserted by paragraph 57(5) of Schedule 3 to S.I. 2016/649.] substitute -

"(1A) The requirements of this sub-paragraph are that -

(a) the individual holds a professional qualification which covers all the subjects that are covered by a recognised professional qualification and that are subjects of which knowledge is essential for the pursuit of the profession of statutory auditor, or

(b) the individual is an EEA auditor who -

(i) on or before IP completion day, holds a professional qualification which does not cover all those subjects,