The Financial Services and Markets Act 2000 (Transitional Provisions and Savings) (Civil Remedies, Discipline, Criminal Offences etc.) (No. 2) Order 2001

Auditors

19.  Section 345 (disqualification of auditors) has effect as if the reference to a duty imposed on an auditor under the Act included a reference to a duty imposed (whether before or, where applicable, after commencement) on an auditor under any of the following enactments—

(a) section 109 of the Financial Services Act (communication by auditor with supervisory authorities)(1);

(b) section 47 of the Banking Act (communication by auditor with the Authority)(2);

(c) section 21A of the Insurance Companies Act (communications by auditor with the Treasury or the Secretary of State)(3);

(d) section 82 of the Building Societies Act (auditors' duties to Commission)(4);

(e) section 79 of the Friendly Societies Act 1992 (auditors' duties to Commission)(5).

(1)

Modified by S.I. 1992/3218, S.I. 1995/3275 and S.I. 1996/1669; functions transferred by S.I. 1987/942.

(2)

Amended by the Bank of England Act 1998 (c. 11), Schedule 5 and S.I. 1996/1669 and modified by S.I. 1992/3218.

(3)

Inserted by the Financial Services Act 1986, s.135 and amended by S.I. 1996/1669 and S.I. 1997/2781.

(4)

Amended by the Building Societies Act 1997 (c. 40), Schedules 7 and 9, S.I. 1991/1729 and S.I. 1996/1669; repealed by S.I. 2001/2617.

(5)

Amended by S.I. 1996/1669 and repealed by S.I. 2001/2617.