# The Capital Requirements Regulations 2013, Paragraph 20


(1) Section 342 (information given by auditor or actuary to a regulator) is amended as follows.
(2) After subsection (6) insert—
“(6A) If the authorised person concerned is a credit institution or an investment firm, and an auditor or actuary communicates a matter to a regulator in accordance with the regulations, the matter must be disclosed simultaneously to the management body of the authorised person, unless there are compelling reasons not to do so.”.
(3) After subsection (7) insert—
“(8) In subsection (6A) “credit institution” and “investment firm” have the same meaning as in Article 4(1) of the capital requirements regulation.”.

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Source: https://www.legislation.gov.uk/uksi/2013/3115/schedule/2/paragraph/20 (the official version)
Page: https://openlegislation.uk/capital-requirements-regulations-2013/schedule-2/paragraph-20
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.