SCHEDULES

SCHEDULE 13Auditors and actuaries

6

1

Section 344 (duty of auditor or actuary resigning to give notice) is amended as follows.

2

In each place for “Authority” substitute “appropriate regulator”.

3

In subsection (2)(a), after “authorised person” insert “or recognised investment exchange”.

4

In subsection (3)(a), for “Authority's” substitute “regulator's”.

5

After subsection (3) insert—

4

In this section “the appropriate regulator” means—

a

in the case of an auditor of, or an actuary acting for, a PRA-authorised person, the PRA;

b

in any other case, the FCA.