In regulation 8 (application statement) -

(a) in paragraph (b)(ii), for "UK-traded non-EEA companies" substitute "UK-traded third country companies";

(b) in paragraph (c), for "UK-traded non-EEA companies" substitute "UK-traded third country companies";

(c) in paragraph (d) [Paragraph (d) was substituted by regulation 20(2)(a) of the Statutory Auditors and Third Country Auditors Regulations 2016 (S.I. 2016/649).] -

(i) for "UK-traded non-EEA companies" substitute "UK-traded third country companies";

(ii) in sub-paragraph (i), after "Audit Directive" insert "before IP completion day";

(iii) after sub-paragraph (i) insert -

"(ia) the UK-adopted international standards adopted by the competent authority in accordance with regulation 4(3)(za) of the Statutory Auditors and Third Country Auditors Regulations 2016, or with standards, procedures or requirements which are equivalent,";

(iv) in sub-paragraph (ii), for "regulation 4(3)(a)" substitute "regulation 4(3)";

(v) for sub-paragraph (iii), substitute -