In Article 7 (irregularities) -

(a) in the first subparagraph -

(i) for "Article 12 of this Regulation and Directive 2005/60/EC" substitute "relevant legislation";

(ii) omit "or an audit firm";

(iii) for "financial statements" substitute "accounts";

(iv) for "audited entity" in both places substitute "audited person";

(v) for "he. she or it" substitute "the statutory auditor";

(b) in the second subparagraph -

(i) for "audited entity" substitute "audited person";

(ii) omit "or the audit firm";

(c) in the third subparagraph, omit "or the audit firm";

(d) after the third subparagraph, insert -

"In this Article, "relevant legislation" means -

(a) any rules made under section 340 of the Financial Services and Markets Act 2000 [2000 c. 8.];

(b) the Financial Services and Markets Act 2000 (Communications by Auditors) Regulations 2001 [S.I. 2001/2587.];

(c) the Money Laundering, Terrorist Financing and Transfer of Funds (Information on Payer) Regulations 2017;