[F118(1)Section 342 (information given by auditor to a regulator) applies in relation to a relevant auditor as if—U.K.
(a)the references in that section to a recognised investment exchange were to a recognised clearing house [F2or a recognised CSD],
(b)in the case of an auditor of a recognised clearing house [F2or a recognised CSD] which is also an authorised person or recognised investment exchange, the references to a regulator included the Bank, and
(c)in the case of an auditor of a recognised clearing house [F2or a recognised CSD] not falling within paragraph (b), the references to a regulator were to the Bank.
(2)A “relevant auditor” is a person who is, or has been, an auditor of a recognised clearing house [F2or a recognised CSD] appointed under or as a result of a statutory provision [F3, the EMIR regulation or the CSD regulation].]
Textual Amendments
F1Sch. 17A inserted (24.1.2013 for specified purposes, 1.4.2013 in so far as not already in force) by Financial Services Act 2012 (c. 21), ss. 29(2), 122(3), Sch. 7 (with Sch. 20); S.I. 2013/113, art. 2(1)(b)(c), Sch. Pts. 2, 3; S.I. 2013/423, art. 3, Sch.
F2Words in Sch. 17A para. 18 inserted (28.11.2017) by The Central Securities Depositories Regulations 2017 (S.I. 2017/1064), regs. 1, 2(39)(h)(i) (with regs. 7(4), 9(1))
F3Words in Sch. 17A para. 18(2) substituted (28.11.2017) by The Central Securities Depositories Regulations 2017 (S.I. 2017/1064), regs. 1, 2(39)(h)(ii) (with regs. 7(4), 9(1))