[1240B Power to approve third country competent authorities]
Companies Act 2006 | Legislation

[Chapter 4B
Approved Third Country Competent Authorities]

[1240B  Power to approve third country competent authorities]

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

(a)     approval as an approved third country competent authority, or

(b)     provisional approval, for a period of up to seven years, as an approved third country competent authority,

in relation to the exchange of audit working papers and investigation reports.

(2)     Regulations under subsection (1) may (among other things)—

(a)     specify the procedure for assessing the adequacy of the third country competent

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