SCHEDULES

“General duties of PRAU.K.

339AGeneral duties of PRA in relation to auditors

(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.”