Oversight Board statutory regulation

The Companies Act 2006 and the Statutory Auditors and Third Country Auditors Regulations 2007 gave effect in the UK to the requirements of the Statutory Audit Directive (2006/43/EC). As a part of that framework there was a new delegation of powers and responsibilities to the POB, including powers to make binding regulations in specific areas. The POB has made four legal instruments under those powers.

1. Statutory Auditors (Transparency) Instrument 2008
2. Statutory Auditors (Registration) Instrument 2008
3. Statutory Auditors (Examination) Instrument 2008
4. Third Country Auditors (Fees) Instrument 2011