Application provision

1.1 The changes to this rule are effective from 23:00 on 31/12/2020.

This Part applies to:

  1. (1) every firm; and
  2. (2) the external auditor of such a firm (if appointed under 2 or appointed under or as a result of a statutory provision other than in FSMA).



A firm must notify the PRA if the firm expects, or knows, that the auditor will qualify the report on the audited annual financial statements or include any emphasis of matter.