[(1) Subsection (2) applies if it appears to the FCA that an auditor or actuary to whom section 342 applies—
(a) has failed to comply with a duty imposed on the auditor or actuary by rules made by the FCA, or
(b) has failed to comply with a duty imposed under this Act to communicate information to the FCA.
(2) The FCA may do one or more of the following—
(a) disqualify the auditor or actuary from being the auditor of, or (as the case may be) from acting as an actuary for, any authorised person
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