Companies Act 2014 section 1584

Savings for disciplinary proceedings in being — prescribed accountancy bodies

Section 1584 protects ongoing disciplinary proceedings by prescribed accountancy bodies from being disrupted by changes introduced under the Companies (Statutory Audits) Act 2018.

• Disciplinary proceedings already under way by a prescribed accountancy body against its members are not affected by the Companies (Statutory Audits) Act 2018 or its amendments to the Companies Act 2014.
• This protection applies only to proceedings not already covered by the separate saving provisions in sections 1582 and 1583.
• The relevant cut-off date is the commencement date of section 3(6) of the Companies (Statutory Audits) Act 2018 — proceedings must have been in being before that date to benefit from this saving.
• Any such qualifying proceedings may be continued on and after that commencement date by the prescribed accountancy body against the member or members concerned.