The arrangements for enforcement referred to in Regulation 65(1)(b) shall include, in accordance with Regulations 113 and 114, provision for -
(a) sanctions which include -
(i) at the discretion of the recognised accountancy body, in accordance with Regulation 114, the withdrawal of approval under these Regulations as a statutory auditor or audit firm,
(ii) appropriate penalties,
(iii) appropriate disciplinary measures,
(iv) appropriate regulatory sanctions,
and
(b) making available to the public information relating to the measures taken and the penalties imposed in respect of statutory auditors and audit firms.