Part XXII

Auditors and Actuaries

Information

Information given by auditor or actuary to the Authority
342
1
This section applies to a person who is, or has been, an auditor of an authorised person appointed under or as a result of a statutory provision.
2
This section also applies to a person who is, or has been, an actuary acting for an authorised person and appointed under or as a result of a statutory provision.
3
An auditor or actuary does not contravene any duty to which he is subject merely because he gives to the Authority—
a
information on a matter of which he has, or had, become aware in his capacity as auditor of, or actuary acting for, the authorised person, or
b
his opinion on such a matter,
if he is acting in good faith and he reasonably believes that the information or opinion is relevant to any functions of the Authority.
4
Subsection (3) applies whether or not the auditor or actuary is responding to a request from the Authority.
5
The Treasury may make regulations prescribing circumstances in which an auditor or actuary must communicate matters to the Authority as mentioned in subsection (3).
6
It is the duty of an auditor or actuary to whom any such regulations apply to communicate a matter to the Authority in the circumstances prescribed by the regulations.
7
The matters to be communicated to the Authority in accordance with the regulations may include matters relating to persons other than the authorised person concerned.