C2 Part XXII Auditors and Actuaries

Annotations:
Modifications etc. (not altering text)
C2

Pt. 22 applied (with modifications) (30.4.2011) by The Electronic Money Regulations 2011 (S.I. 2011/99), regs. 1(2)(b), 62, Sch. 3 para. 5 (with reg. 3) (as amended (1.4.2013) by S.I. 2013/472, Sch. 2 para. 196(5)(e) and (18.9.2023) by S.I. 2023/790, regs. 1(2)(a), 2(3)(b))

Information

C1344 Duty of auditor or actuary resigning etc. to give notice.

1

This section applies to an auditor or actuary to whom section 342 applies.

2

He must without delay notify the F1appropriate regulator if he—

a

is removed from office by an authorised person F3or recognised investment exchange;

b

resigns before the expiry of his term of office with such a person; or

c

is not re-appointed by such a person.

3

If he ceases to be an auditor of, or actuary acting for, such a person, he must without delay notify the F1appropriate regulator—

a

of any matter connected with his so ceasing which he thinks ought to be drawn to the F4regulator's attention; or

b

that there is no such matter.

F24

In this section “the appropriate regulator” means—

a

in the case of an auditor of, or an actuary acting for, a PRA-authorised person, the PRA;

b

in any other case, the FCA.