[1240A Power to approve third countries as equivalent or transitional third countries]
[1240A Power to approve third countries as equivalent or transitional third countries]
Companies Act 2006 | Legislation

[Chapter 4A
Equivalent Third Countries and Transitional Third Countries]

[1240A  Power to approve third countries as equivalent or transitional third countries]

[(1)     The Secretary of State may by regulations grant to a third country, or make provision for the grant to a third country of—

(a)     approval as an equivalent third country,

(b)     provisional approval, for a period of up to seven years, as an equivalent third country, or

(c)     transitional approval, for a period of up to seven years, as a transitional third country,

in relation to the comparability of the third country's audit regulatory regime to the audit regulatory regime of the United

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