SUP 3.7 Notification of matters raised by auditor

SUP 3.7 does not apply to an incoming Treaty firm which does not have a top-up permission.

A firm should consider whether it should notify the FCA and the PRA (if it is a PRA-authorised firm) or the FCA (in all other cases) under Principle 11 if:

1. (1)

   the firm expects or knows its auditor will qualify his report on the audited annual financial statements or add an explanatory paragraph; or

2. (2)

   the firm receives a written communication from its auditor commenting on internal controls (see also SUP 15.3).