C3Part XVII Collective Investment Schemes

Annotations:
Modifications etc. (not altering text)

Chapter III Authorised Unit Trust Schemes

Rules

249F3Disciplinary measures

C1C21

If it appears to the F4FCA that an auditor has failed to comply with a duty imposed on him by trust scheme rules, F1it may do one or more of the following—

a

disqualify the auditor from being the auditor of any authorised unit trust scheme F5, authorised contractual scheme or authorised open-ended investment company;

b

publish a statement to the effect that it appears to the FCA that the auditor has failed to comply with the duty;

c

impose on the auditor a penalty, payable to the FCA, of such amount as the FCA considers appropriate.

F22

Sections 345B to 345E have effect in relation to the taking of action under subsection (1) as they have effect in relation to the taking of action under section 345(2).