Part XXII Auditors and Actuaries (ss [339A-346)
Part XXII Auditors and Actuaries (ss [339A-346)

[339A General duties of PRA in relation to auditors]

[(1)     The arrangements maintained by the PRA under section 2K (supervision of PRA-authorised persons) must include arrangements for—

(a)     the sharing with auditors of PRA-authorised persons of information that the PRA is not prevented from disclosing, and

(b)     the exchange of opinions with auditors of PRA-authorised persons.

(2)     The PRA must issue and maintain a code of practice describing how it will comply with subsection (1).

(3)     The PRA may at any time alter or replace a code issued under this section.

(4)     If a code is altered or replaced, the PRA must issue the altered or replacement code.

(5)     When the PRA issues a code under this section the PRA must—

(a)     give a copy of the code to the Treasury, and

(b)     publish the code in such manner as the PRA thinks fit.

(6)     The Treasury must lay before Parliament a copy of the code.

(7)     “Auditor” means an auditor appointed under or as a result of a statutory provision.]


[339B Duty to meet auditors of certain institutions]

[(1)     The FCA must make arrangements for meetings to take place at least once a year between—

(a)     the FCA, and

(b)     the auditor of any PRA-authorised person to which section 339C applies.

(2)     The PRA must make arrangements for meetings to take place at least once a year between—

(a)     the PRA, and

(b)     the auditor of any PRA-authorised person to which section 339C applies.

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