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Section 339A

FSMA 2000

The arrangements maintained by the PRA under section 2K (supervision of PRA-authorised persons) must include arrangements for— the sharing with auditors of PRA-authorised persons of information that the PRA is not prevented from disclosing, and the exchange of opinions with auditors of PRA-authorised persons. The PRA must issue and maintain a code of practice describing how it will comply with subsection (1). The PRA may at any time alter or replace a code issued under this section. If a code is altered or replaced, the PRA must issue the altered or replacement code. When the PRA issues a code under this section the PRA must— give a copy of the code to the Treasury, and publish the code in such manner as the PRA thinks fit. The Treasury must lay before Parliament a copy of the code. “Auditor” means an auditor appointed under or as a result of a statutory provision.

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Source: legislation.gov.uk · retrieved 2026-09-04