(1) This section applies to an auditor or actuary to whom section 342 applies.
(2) He must without delay notify the [appropriate regulator] if he—
(a) is removed from office by an authorised person [or recognised investment exchange];
(b) resigns before the expiry of his term of office with such a person; or
(c) is not re-appointed by such a person.
(3) If he ceases to be an auditor of, or actuary acting for, such a person, he must without delay notify the [appropriate regulator]—
(a) of any matter connected with his so ceasing which he thinks ought to be drawn to
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