[F1339AGeneral duties of PRA in relation to auditorsU.K.
(1)The arrangements maintained by the PRA under section 2K (supervision of PRA-authorised persons) must include arrangements for—
(a)the sharing with auditors of PRA-authorised persons of information that the PRA is not prevented from disclosing, and
(b)the exchange of opinions with auditors of PRA-authorised persons.
(2)The PRA must issue and maintain a code of practice describing how it will comply with subsection (1).
(3)The PRA may at any time alter or replace a code issued under this section.
(4)If a code is altered or replaced, the PRA must issue the altered or replacement code.
(5)When the PRA issues a code under this section the PRA must—
(a)give a copy of the code to the Treasury, and
(b)publish the code in such manner as the PRA thinks fit.
(6)The Treasury must lay before Parliament a copy of the code.
(7)“Auditor” means an auditor appointed under or as a result of a statutory provision.]
Textual Amendments
F1S. 339A and cross-heading 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), s. 122(3), Sch. 13 para. 2 (with Sch. 20); S.I. 2013/113, art. 2(1)(c), Sch. Pt. 3; S.I. 2013/423, art. 3, Sch.