21.—(1) Section 343 (information given by auditor or actuary to a regulator: persons with close links) M1 is amended as follows.U.K.
(2) After subsection (6) insert—
“(6A) If the authorised person concerned is a credit institution or an investment firm, and an auditor or actuary communicates a matter to a regulator in accordance with the regulations, the matter must be disclosed simultaneously to the management body of the authorised person, unless there are compelling reasons not to do so.”.
(3) After subsection (9) insert—
“(10) In subsection (6A) “credit institution” and “investment firm” have the same meaning as in Article 4(1) of the capital requirements regulation.”.
Marginal Citations
M1Section 343 was amended by Schedule 13, paragraphs 1, 5 to the Financial Services Act 2012.