340 Appointment
340 Appointment

(1)     [The appropriate regulator may make rules requiring] an authorised person, or an authorised person falling within a specified class—

(a)     to appoint an auditor, or

(b)     to appoint an actuary,

if he is not already under an obligation to do so imposed by another enactment.

(2)     [The appropriate regulator may make rules requiring] an authorised person, or an authorised person falling within a specified class—

(a)     to produce periodic financial reports; and

(b)     to have them reported on by an auditor or an actuary.

[(3A)     The PRA—

(a)     must make rules imposing on auditors of PRA-authorised persons such duties as may be specified in relation to co-operation with the PRA in connection with the supervision by the PRA of PRA-authorised persons, and

(b)     may make rules—