Sch 3 para 70
After paragraph 20 insert— Supplementary: funding of arrangements (20ZA) (1) This paragraph applies where, under regulation 3 of the Statutory Auditors and Third Country Auditors Regulations 2016, the competent authority has delegated the task of approving persons as eligible for appointment as statutory auditors to a body (“B”). (2) B must pay the costs incurred by— (a) the competent authority in carrying out activities mentioned in paragraphs 9 to 10C, 12, 13 and 16, or (b) another recognised supervisory body, in carrying out those activities as a result of the competent authority delegating a task to the other body, in relation to any statutory auditor bound by B's rules.