(1) These Regulations may be cited as the Financial Services and Markets Act 2000 (Communications by Auditors) Regulations 2001 and come into force on the day on which section 19 of the Act (the general prohibition) comes into force.

(2) In these Regulations -

"the Act" means the Financial Services and Markets Act 2000;

"the person concerned" means - (a) in relation to an auditor of an authorised person or recognised body, that authorised person or recognised body; (b) in relation to an auditor of a person who has close links (within the meaning of section 343 of the Act) with an authorised person or recognised body, that authorised person or recognised body;

"recognised body" has the meaning given by section 313(1) of the Act;