Citation and commencement

1. —(1) These Regulations may be cited as the Statutory Auditors and Third Country Auditors (Amendment) (EU Exit) (No. 2) Regulations 2020.

(2) These Regulations come into force as follows—

(a) this regulation and regulation 3 come into force immediately before regulation 3 of the Statutory Auditors and Third Country Auditors (Amendment) (EU Exit) Regulations 2020 comes into force;

(b) regulation 4 comes into force immediately before regulation 17 of the Companies and Statutory Auditors etc. (Consequential Amendments) (EU Exit) Regulations 2020( 3 ) comes into force;

(c) regulation 2 comes into force immediately before IP completion day.

Amendment of the Statutory Auditors and Third Country Auditors (Amendment) (EU Exit) Regulations 2019

2. —(1)The Statutory Auditors and Third Country Auditors (Amendment) (EU Exit) Regulations 2019( 4 ) are amended as follows.

(2) In Schedule 1 (Approval of Equivalent Third Countries and Transitional Third Countries)—

(a) in paragraph 1( 5 )—

(i) in sub-paragraph (1), after “Council Directive 84/253/EEC

(ii) for sub-paragraph (2), substitute—

“ (2) Approval is granted for an indefinite period, unless a date is recorded in column 2 of the Table against a country’s name, in which case the approval ceases to apply for financial years beginning after that date. ” ;

(b) in column 1 of Table 1, insert at the appropriate places—

• "Austria"

• "Belgium"

• "Bulgaria"

• "Croatia"

• "Cyprus"

• "Czech Republic"

• "Denmark"

• "Estonia"

• "Finland"

• "France"

• "Germany"

• "Gibraltar"

• "Greece"

• "Hungary"

• "Iceland"

• "Ireland"

• "Italy"

• "Latvia"

• "Liechtenstein"

• "Lithuania"

• "Luxembourg"

• "Malta"

• "Netherlands"

• "Norway"

• "Poland"

• "Portugal"

• "Romania"

• "Slovakia"

• "Slovenia"

• "Spain"

• "Sweden";

(c) omit paragraph 2 and Table 2.

(3) In Schedule 2 (Approval of Third Country Competent Authorities), in column 2 of Table 3, omit “31 December 2020” in each place.

(4) In Schedule 4 (Transitional provisions), in paragraph 2(a)( 6 ), for “a transitional third country” substitute “an equivalent third country”.

Amendments to the Statutory Auditors and Third Country Auditors (Amendment) (EU Exit) Regulations 2020

3. —(1)The Statutory Auditors and Third Country Auditors (Amendment) (EU Exit) Regulations 2020 are amended as follows.

(2) In regulation 3(c), for “31 July 2022” substitute “30 April 2026”.

Amendments to the Companies and Statutory Auditors etc. (Consequential Amendments) (EU Exit) Regulations 2020

4. —(1)The Companies and Statutory Auditors etc. (Consequential Amendments) (EU Exit) Regulations 2020 are amended as follows.

(2) Omit regulation 17(b).