Introductory text

Whereas it appears to the Secretary of State that auditors to whom section 21A(1) of the Insurance Companies Act 1982^f1 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;