SCHEDULES

F1SCHEDULE 17A Further provision in relation to exercise of Part 18 functions by Bank of England

Part 2Application of provisions of this Act in relation to Bank of England

Auditors

19

(1)

Section 343 (information given by auditor: person with close links) applies in relation to a relevant auditor as if—

(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 an authorised person or which is a 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—

(a)

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, and

(b)

is, or has been, an auditor of a person who has close links with the recognised clearing house F4or the recognised CSD.