Section 1253DC | Transfer by statutory auditor for purposes of investigation of auditor

A statutory auditor may transfer audit working papers and investigation reports to a third country competent authority if the transfer is made—^F1F2F3

(a)for the purposes of an investigation of an auditor or audit firm, and^F1F2

(b)in accordance with rules of a recognised supervisory body meeting the requirements of paragraph 16AB of Schedule 10.^F1F2