Section 1240A(2)

Regulations under subsection (1) may (among other things)— specify the procedure for assessing the audit regulatory regime of a third country; set out the considerations which must be taken into account, or may be taken into account, by the Secretary of State when determining— whether the third country has an audit regulatory regime comparable to that of the United Kingdom, whether to grant approval, provisional approval or transitional approval, and the period for which provisional approval or transitional approval should be granted; specify the procedure for the granting of approval, provisional approval or transitional approval; set out a list of third countries that have been granted approval, provisional approval or transitional approval; make provision for the amendment, suspension or withdrawal of approval, provisional approval or transitional approval.

← 1 · All articles · 3 →

Source: legislation.gov.uk · retrieved 2026-09-04