Companies (Statutory Audits) Act 2018


Amendment of Principal Act

Amendment of section 2 of Principal Act

4. Section 2 of the Principal Act is amended, in subsection (1)—

(a) by the deletion of the definition of “2016 Audits Regulations”,

(b) by the substitution of the following definition for the definition of “statutory auditor”:

“ ‘statutory auditor’ means an individual or a firm (within the meaning of Part 27) that stands approved as a statutory auditor or statutory audit firm, as the case may be, under Part 27, and includes a firm registered in accordance with section 1465;”,


(c) by the insertion of the following definitions:

“ ‘public-interest entity’ has the meaning given to it by Part 27;

‘Regulation (EU) 2016/679’ means Regulation (EU) 2016/679 of the European Parliament and of the Council of 27 April 20164 on the protection of natural persons with regard to the processing of personal data and on the free movement of such data and repealing Directive 95/46/EC (General Data Protection Regulation);”.

4 OJ No. L 119, 4.5.2016, p.1