Section 60DA(5)

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 UK subsidiary undertaking (“S”) in respect of the provision of those services to S in relation to the discharge of or compliance with UK statutory or regulatory obligations, and which results in the provision of those services indirectly to a person connected with Russia in that person’s capacity as a parent undertaking of S.

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