Part IU.K. Regulation of Deposit-Taking Business

Accounts and auditorsU.K.

45 Audited accounts to be open to inspection.U.K.

(1)An authorised institution shall at each of its offices in the United Kingdom at which it holds itself out as accepting deposits—

(a)keep a copy of its most recent audited accounts; and

(b)during normal business hours make that copy available for inspection by any person on request.

(2)An institution which fails to comply with paragraph (a) of subsection (1) above or with any request made in accordance with paragraph (b) of that subsection shall be guilty of an offence and liable on summary conviction to a fine not exceeding the fifth level on the standard scale.

(3)In the case of an institution incorporated in the United Kingdom the accounts referred to in subsection (1) above include the auditors’ report on the accounts and, in the case of any other institution whose accounts are audited, the report of the auditors.