Part 3Audit
Amendments to Regulation 537/2014
regulation 15 15.—(1) Regulation (EU) No. 537/2014 of the European Parliament and of the Council of 16 April 2014 on specific requirements regarding statutory audit of public-interest entities and repealing Commission Decision 2005/909/EC(1) is amended as follows.
(2) In Article 5 at the end of paragraph 4 omit the words “The audit committee shall, where applicable, issue guidelines with regard to the services referred to in paragraph 3.”
(3) In Article 7 in sub-paragraph 2 omit the words “as designated by the Member States”.
(4) In the heading to Article 16 omit the words “or Audit Firms”.
(5) In Article 16 in paragraph 3 for “Unless it concerns the renewal of an audit engagement in accordance with Article 17(1) and 17(2), the” substitute “The”.
(6) In Article 23 for “of a Member State.” substitute “of any part of the United Kingdom.”.
As amended by the Statutory Auditors and Third Country Auditors (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/177).