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Version status: Revoked | Document consolidation status: Updated to reflect all known changes
Version date: 21 July 2019 - onwards
  Version 3 of 3    

Regulation 94 Revocation of appointment of assessor

Revoked from 21 July 2019

(1) Where the Bank is satisfied that the assessor has contravened paragraph (2) or is incapacitated, the Bank may revoke the appointment of the assessor at any time.

(2) The assessor (including a person proposed to be appointed as an assessor shall -

(a) disclose to the Bank any material interest that the assessor may have in any matter that may arise during the assessment,

(b) disclose to the Bank any actual or potential conflict of interest that the assessor may have in conducting an assessment,

(c) not use any inside information (within the meaning of the Market Abuse (Directive 2003/6/EC) Regulations 2005) obtained during an assessment for any purpose other than the performance of the assessor's functions under this Part,

(d) not engage in misconduct during the assessment,

(e) perform the assessor's functions in accordance with the provisions of this Part, and

(f) issue an assessment that is not contrary to law.

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