The LTA 1985 is amended as follows.
After section 21C (as inserted by section 55) insert—
In section 28 (meaning of "qualified accountant")—
in subsection (1), for the words from "in section" to "person" substitute ;"in section 21D(2)(b) (report on service charge account) is to a person"
for subsection (2) substitute— 2 A person has the necessary qualification if the person— a is eligible for appointment as a statutory auditor under Part 42 of the Companies Act 2006, or b satisfies such other requirement or requirements as may be specified in regulations made by the appropriate authority.;
in subsection (4)(d), for the words from "covered" to the end substitute ;"covered by the statement of account in question relate"
after subsection (6) insert— 7 Regulations under this section— a are to be made by statutory instrument; b may make provision generally or only in relation to specific cases; c may make different provision for different purposes; d may include supplementary, incidental, transitional or saving provision. 8 A statutory instrument containing regulations under this section (whether alone or with other provision) is subject to the affirmative procedure.
In section 39 (index of defined expressions), in the entry for "qualified accountant", for "section 21(6)" substitute ."section 21D(2)(b)"