Date-stamp loading
Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 April 2013 - onwards
  Version 3 of 3    

340. Appointment

(1) The appropriate regulator may make rules requiring an authorised person, or an authorised person falling within a specified class -

(a) to appoint an auditor, or

(b) to appoint an actuary,

if he is not already under an obligation to do so imposed by another enactment.

(2) The appropriate regulator may make rules requiring an authorised person, or an authorised person falling within a specified class -

(a) to produce periodic financial reports; and

(b) to have them reported on by an auditor or an actuary.

(3A) The PRA -

(a) must make rules imposing on auditors of PRA-authorised persons such duties as may be specified in relation to co-operation with the PRA in connection with the supervision by the PRA of PRA-authorised persons, and

(b) may make rules -

(i) imposing such other duties on auditors of PRA-authorised persons as may be specified, and

(ii) imposing such duties on actuaries acting for PRA-authorised persons as may be specified.

(3B) The FCA may make rules imposing on audit

Comparing proposed amendment...