[F11223A Notification of matters relevant to [F2approved third country competent authorities] U.K.

[F3(1)A recognised supervisory body must notify the Secretary of State—

(a)if a notifiable person becomes eligible for appointment as a statutory auditor, unless the notifiable person is an individual;

(b)if a notifiable person’s eligibility for appointment as a statutory auditor is withdrawn;

(c)of the reasons for any such withdrawal.]

(2)A recognised supervisory body must also notify the Secretary of State of any reasonable grounds it has for suspecting that—

(a) a person has contravened the law of the United Kingdom, or [F4an equivalent third country or transitional third country], and

(b) the act or omission constituting that contravention took place on the territory of an [F5equivalent third country or transitional third country].

(3) In this section “ notifiable person ” means a member of the recognised supervisory body in question—

(a) who is also [F6a third country auditor that has been approved by an approved third country competent authority]; and

(b) in respect of whom the [F7approved third country] competent authority is not the recognised supervisory body itself.]