Section 60DA(3)

The prohibitions in regulation 54C, in so far as they relate to auditing services, are not contravened by any act done by a person (“P”) in satisfaction of an obligation arising from the appointment of P as the auditor of a parent undertaking (“C”) provided that— where C is a credit institution, the auditing services of P are for one or both of the purposes mentioned in paragraph (4); where C is not a credit institution, or is a credit institution that does not meet the condition in sub-paragraph (a)— P is appointed as auditor of C before 16th December 2022, the act is carried out before the end of 31st May 2023, and P notifies the Secretary of State of the provision of the services, before or after the act is carried out, by the end of 15th March 2023.

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Source: legislation.gov.uk · retrieved 2026-08-30