reg 20 Amendment of the Statutory Auditors and Third Country Auditors Regulations 2013
(1) The Statutory Auditors and Third Country Auditors Regulations 2013 are amended as follows. (2) In regulation 8 (application statement)— (a) for paragraph (d) substitute— (d) the third country auditor conducts audits of UK-traded non-EEA companies in accordance with— (i) the international auditing standards adopted by the European Commission in accordance with Article 26(3) of the Audit Directive, or with standards which are equivalent, (ii) any auditing standards, procedures or requirements imposed by the competent authority in accordance with regulation 4(3)(a) of the Statutory Auditors and Third Country Auditors Regulations 2016, or with standards, procedures or requirements which are equivalent, and (iii) the requirements set out in Articles 22, 22b and 25 of the Audit Directive (independence, objectivity and audit fees), or with requirements which are equivalent; (b) omit paragraph (e); and (c) in paragraph (f) for “Article 40 of the Audit Directive” substitute “ Article 13 of the Audit Regulation ” . (3) Omit regulation 13.