Section 489A(5)

The audit committee must in its recommendation— identify its first and second choice candidates for appointment, drawn from those auditors who have participated in a selection procedure under subsection (4), give reasons for the choices so identified, state that— the recommendation is free from influence by a third party, and no contractual term of the kind mentioned in Article 16(6) of the Audit Regulation has been imposed on the company.

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