The arrangements maintained by the PRA under section 2K (supervision of PRA-authorised persons) must include arrangements for—
the sharing with auditors of PRA-authorised persons of information that the PRA is not prevented from disclosing, and
the exchange of opinions with auditors of PRA-authorised persons.
The PRA must issue and maintain a code of practice describing how it will comply with subsection (1).
The PRA may at any time alter or replace a code issued under this section.
If a code is altered or replaced, the PRA must issue the altered or replacement code.
When the PRA issues a code under this section the PRA must—
give a copy of the code to the Treasury, and
publish the code in such manner as the PRA thinks fit.
The Treasury must lay before Parliament a copy of the code.
"Auditor" means an auditor appointed under or as a result of a statutory provision.