SCHEDULE 2Amendments to primary and secondary legislation
PART 1Amendments to FSMA
21
1
Section 343 (information given by auditor or actuary to a regulator: persons with close links) M1 is amended as follows.
2
After subsection (6) insert—
6A
If the authorised person concerned is a credit institution or an investment firm, and an auditor or actuary communicates a matter to a regulator in accordance with the regulations, the matter must be disclosed simultaneously to the management body of the authorised person, unless there are compelling reasons not to do so.
3
After subsection (9) insert—
10
In subsection (6A) “credit institution” and “investment firm” have the same meaning as in Article 4(1) of the capital requirements regulation.