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Version date: 19 December 2009 - onwards
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47A. Further duties of auditor.

If, in the course of performing a task referred to in Article 53(1) of the Recast Credit Institutions Directive -

(a) the auditor of the holder of a licence becomes aware of a fact or decision involving an undertaking that has close links with that holder, and

(b) the fact or decision results from a control relationship with that holder, the auditor shall report that fact or decision to the Bank in writing without delay.

Comparing proposed amendment...