Section 1253DE | Transfer by means of inspection ^F1F2

From legislation.gov.uk

(1)This section applies in the case of a transfer of audit working papers and investigation reports if—^F3

(a)it is a transfer to an approved third country competent authority ...,^F4

(b)it is a transfer under section 1253DA or 1253DB, and

(c)it is to take place by means of an inspection in the United Kingdom by the authority.

(2)The Secretary of State must participate in the inspection.

(3)The inspection must be under the leadership of the Secretary of State unless the Secretary of State otherwise permits.

Notes

F1
Ss. 1253D-1253F and cross-heading inserted (6.4.2008) by The Statutory Auditors and Third Country Auditors Regulations 2007 (S.I. 2007/3494), reg. 15(1) (with reg. 15(2) (as amended by S.I. 2008/499), reg. 2(4)))
F2
Ss. 1253D-1253DE substituted for s. 1253D (15.11.2010) by The Companies Act 2006 (Transfer of Audit Working Papers to Third Countries) Regulations 2010 (S.I. 2010/2537), regs. 1(2), 2
F3
Words in s. 1253DE(1) substituted (17.6.2016) by The Statutory Auditors and Third Country Auditors Regulations 2016 (S.I. 2016/649), reg. 1(1)(a), Sch. 3 para. 48(2) (with reg. 1(2)(b))
F4
Words in s. 1253DE(1)(a) omitted (31.12.2020) by virtue of The Statutory Auditors and Third Country Auditors (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/177), regs. 2, 22; 2020 c. 1, Sch. 5 para. 1(1)