OpenLegislation

Explanatory note

Original text. Later amendments are not shown.

(This note is not part of the Order)

This Order specifies all the disciplinary powers of the Prudential Regulation Authority (“the PRA”) in section 345A(4) of the Financial Services and Markets Act 2000 (c.8) (“the Act”) as exercisable by it. The powers apply to non-compliance by auditors or actuaries with the PRA rules or duties to communicate information to the PRA under the Act.

This Order will have no effect on the costs of business or the voluntary sector. For that reason no impact assessment has been produced for this instrument.