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