Sch 3 para 21
In regulation 59 (review)— (a) for paragraph (1)(a) substitute— (a) carry out a review of the regulatory provision contained in these Regulations to which amendments have been made by— (i) Part 2 of the Limited Liability Partnerships, Partnerships and Groups (Accounts and Audit) Regulations 2016 (“the 2016 Regulations”), and (ii) Schedule 3 to the Statutory Auditors Regulations 2017, (b) after paragraph (1) insert— (1A) Section 30(3) of the Small Business, Enterprise and Employment Act 2015 requires that a review carried out under paragraph (1)(a)(ii) of this regulation must, so far as is reasonable, have regard to how— (a) Articles 28 and 38 of Directive 2006/43/EC of the European Parliament and of the Council on statutory audits of annual accounts and consolidated accounts, amending Council Directives 78/660/EEC and 83/349/EEC and repealing Council Directive 84/253/EEC , and (b) Articles 16, 17 and 41 of Regulation (EU) No 537/2014 of the European Parliament and of the Council on specific requirements regarding statutory audit of public-interest entities and repealing Commission Decision 2005/909/EC , are implemented in other member States. (c) in paragraph (2), for “The report” substitute “Section 30(4) of the Small Business, Enterprise and Employment Act 2015 requires that a report published under this regulation”; (d) in paragraph (5)— (i) for “meaning given by section 32(4)” substitute “same meaning as in sections 28 to 32”; (ii) after “Act 2015” insert “(see section 32 of that Act)”.