Duty of insurance undertaking to notify appropriate audit authorityU.K.
11.—(1) Where an auditor of an insurance undertaking ceases to hold office before the end of his term of office, the undertaking must notify the appropriate audit authority.
(2) The notice must—
(a)inform the appropriate audit authority that the auditor has ceased to hold office, and
(b)be accompanied by—
(i)a statement by the undertaking of the reasons for his ceasing to hold office, or
(ii)if the auditor has resigned and he has given the insurance undertaking a statement of the reasons for his resignation, a copy of that statement.
(3) The insurance undertaking must give notice under this paragraph—
(a)if the auditor resigns, not later than the end of the period of 14 days beginning with the date on which the auditor first informs the insurance undertaking of his resignation (whether by notice deposited at its head office or otherwise);
(b)in any other case, not later than the end of the period of 14 days beginning with the date on which the auditor ceases to hold office.