(1) The auditor of an investment firm, a regulated market, or an APA or ARM authorised in accordance with Regulation (EU) No 600/20143 which is the subject of a derogation provided in accordance with Article 2(3) of that Regulation, approved within the meaning of Directive 2006/43/EC [OJ L 157, 9.6.2006, p. 87] and performing the task described in Article 34 of Directive 2013/34/EU [OJ L 182, 29.6.2013, p. 19] or Article 73 of Directive 2009/65/EC [OJ L 302, 17.11.2009, p. 32] or any other task prescribed by the law of the State, shall report promptly to the Bank any fact or decision concerning the investment firm, regulated market, APA or ARM of which the auditor has become aware while carrying out an audit of it or an undertaking having close links with it and which is liable to -

(a) constitute a material contravention of these Regulations or of any condition, requirement, code, guideline, notice or direction under these Regulations governing authorisation or which specifically govern the pursuit of the activities of investment firms,

(b) affect the continuous functioning of the investment firm, or