Financial Services and Markets Act 2000

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

This section has no associated Explanatory Notes

(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.]