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Part XXIIU.K. Auditors and Actuaries

Modifications etc. (not altering text)

C1Pt. 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))

InformationU.K.

344 Duty of auditor or actuary resigning etc. to give notice.U.K.

(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 [F2or 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 [F3regulator's] attention; or

(b)that there is no such matter.

[F4(4)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.]

Textual Amendments

F2Words in s. 344(2)(a) inserted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 13 para. 6(3) (with Sch. 20); S.I. 2013/423, art. 3, Sch.

F3Word in s. 344(3)(a) substituted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 13 para. 6(4) (with Sch. 20); S.I. 2013/423, art. 3, Sch.

Modifications etc. (not altering text)