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Regulation 3 Duty of auditors to report to the Secretary of State

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

Matters are to be communicated to the Secretary of State by an auditor in the circumstances specified in paragraph (2) below.

(2)

The circumstances referred to in paragraph (1) above are circumstances in which the matters are such as to give an auditor reasonable cause to believe that they are or may be of material significance for determining whether any of the powers of intervention conferred on the Secretary of State by sections 38 to 45 of the Act should be exercised.