194. Duty of auditor or actuary resigning etc. to give notice

Past version: effective from 20/10/2015 - 19/10/2015
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(1) This section applies to an auditor or actuary to whom section 191 applies.
(2) He must without delay notify the Regulator if he —
(a) is removed from office by an Authorised Person, Recognised Body or Reporting Entity;
(b) resigns before the expiry of his term of office with such a person; or
(c) is not re-appointed by such a person.
(3) If he ceases to be an auditor of, or actuary acting for, such a person, he must without delay notify the Regulator —
(a) of any matter connected with his so ceasing which he thinks ought to be drawn to the Regulator's attention; or
(b) that there is no such matter.