s 1223A Notification of matters relevant to approved third country competent authorities
(1) A recognised supervisory body must notify the Secretary of State— (a) if a notifiable person becomes eligible for appointment as a statutory auditor, unless the notifiable person is an individual; (b) if a notifiable person’s eligibility for appointment as a statutory auditor is withdrawn; (c) of the reasons for any such withdrawal. (2) A recognised supervisory body must also notify the Secretary of State of any reasonable grounds it has for suspecting that— (a) a person has contravened the law of the United Kingdom, or an equivalent third country or transitional third country , and (b) the act or omission constituting that contravention took place on the territory of an equivalent third country or transitional third country . (3) In this section “ notifiable person ” means a member of the recognised supervisory body in question— (a) who is also a third country auditor that has been approved by an approved third country competent authority ; and (b) in respect of whom the approved third country competent authority is not the recognised supervisory body itself.