Section 345(5)

Where under subsection (2) or (3) the FCA disqualifies a person from being the auditor of an authorised person or recognised investment exchange or class of authorised person or recognised investment exchange and that authorised person or recognised investment exchange is also, or any person within that class is also, a recognised clearing house or a recognised CSD, the FCA must — notify the Bank of England, and notify the disqualified person that it has made a notification under paragraph (a).

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