Statutory Instruments
INSURANCE
Made
22nd February 1994
Coming into force
1st July 1994
Whereas it appears to the Secretary of State that auditors to whom section 21A(1) of the Insurance Companies Act 1982(1) and the following Regulations apply are not subject to satisfactory rules made or guidance issued by a professional body specifying circumstances in which matters are to be communicated to the Secretary of State as mentioned in that subsection,
Whereas a draft of these regulations has been approved by a resolution of each House of Parliament pursuant to section 21A(4) of that Act;
The Secretary of State, in exercise of the powers conferred on him by section 21A(2) and (3) of the Insurance Companies Act 1982 and of all other powers enabling him in that behalf, hereby makes the following Regulations:—
1982 c. 50; section 21A was introduced by section 135(1) of the Financial Services Act 1986 (c. 60).