s 1212 Individuals and firms: eligibility for appointment as a statutory auditor
(1) An individual or firm is eligible for appointment as a statutory auditor if the individual or firm— (a) is a member of a recognised supervisory body, and (b) is eligible for appointment under the rules of that body. (2) In the cases to which section 1222 applies (individuals retaining only 1967 Act authorisation) a person's eligibility for appointment as a statutory auditor is restricted as mentioned in that section.