s.23Notifications
23
Section 23Part 0 —

Notifications

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A recognised auditor shall notify the Authority immediately in writing of any the following — (a) the recognised auditor becoming ineligible to be entered on the register; (b) the termination of the appointment of a responsible individual or a responsible individual becoming ineligible to hold that role in respect of the recognised auditor; (c) the taking of any disciplinary action under the Regulatory Law against a responsible individual that resulted in an adverse finding; (d) any reasonable grounds that person has for suspecting that that person or a responsible individual has contravened the laws of the Islands; or (e) a request for the addition of a responsible individual to the register entry.
the recognised auditor becoming ineligible to be entered on the register;
the termination of the appointment of a responsible individual or a responsible individual becoming ineligible to hold that role in respect of the recognised auditor;
the taking of any disciplinary action under the Regulatory Law against a responsible individual that resulted in an adverse finding;
any reasonable grounds that person has for suspecting that that person or a responsible individual has contravened the laws of the Islands; or
a request for the addition of a responsible individual to the register entry.
The written details required by subsection (1) shall be accompanied by such information and documents as the Authority may reasonably require.
Notwithstanding subsection (1), the Authority may by notice in writing require a recognised auditor to notify the Authority of any other information as it may reasonably require for the exercise of the functions conferred on it by section 3 within such reasonable time, in respect of such periods, given in such form and verified in such manner as it may specify in that written notice.

Cross References