In this Part a "supervisory body" means a body established in the United Kingdom (whether a body corporate or an unincorporated association) which maintains and enforces rules as to—
which are binding on persons seeking appointment or acting as a statutory auditor . . . because they are members of that body . . . .
The rules referred to in paragraphs 9(1A) and 10C(3) (bar on appointment as director or other officer), paragraph 9(3)(b) (confidentiality of information) and paragraph 12(3)(b)(v) (temporary prohibition from exercising functions in a firm) of Schedule 10 must also be binding on persons who—
In this Part references to the members of a supervisory body are to the persons who, whether or not members of the body, are subject to its rules in seeking appointment or acting as a statutory auditor.
Schedule 10 has effect with respect to the recognition of supervisory bodies for the purposes of this Part.