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Schedule 6, Part 1, paragraph 7(1)

Section 340 (appointment of auditors and actuaries) of the 2000 Act applies with the following modifications— references to “the appropriate regulator” and to the “regulator making the rules” are to be read as references to the FCA; references to an authorised person are to be read as references to an authorised payment institution or a person required by regulation 39(3) of the Payment Services Regulations 2017 to provide an audit opinion to the FCA; subsections (3A), (5A) and (8)(b) were omitted; in subsection (5), “(3A) or” were omitted.

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