Cap. 529 ст. 7ADuties of auditors.

(1) An auditor of an authorised person shall have the duty to report immediately to the Authority any fact or decision of which such auditor becomes aware in his capacity as auditor of such authorised person which:

(a) is likely to lead to a serious qualification or refusal of the auditor’s report on the accounts of such authorised person; or

(b) constitutes or is likely to constitute a material breach of the legal or regulatory requirements applicable to authorised persons under this Act; or

(c) gravely impairs the authorised person’s ability to continue as a going concern; or

(d) relates to any other matter which may be prescribed:

Provided that the matters mentioned in this paragraph may include matters related to any person other than the authorised person, including any person having close links with such authorised person.

(2) No duty, including the duty of professional secrecy, to which an auditor of the authorised person may be subject, shall be regarded as contravened by reason of his communicating in good faith to the Authority, whether or not in response to a request from it, any information or opinion on a matter of which the auditor has become aware in his capacity as auditor of that authorised person and which may be relevant to the Authority under the provisions of this Act or any regulations or rules issued hereunder or is required to be communicated by virtue of this article.