The Auditors (Insurance Companies Act 1982) Regulations 1994
These Regulations impose a duty on an auditor of an insurance company to which Part II of the Insurance Companies Act 1982 (“the Act”) applies to report to the Secretary of State any matters which are relevant to any of the functions of the Secretary of State under the Act of which he becomes aware in his capacity as auditor of that company if those matters are or may be of material significance to the Secretary of State in deciding whether to use any of his powers of intervention under sections 38 to 45 of the Act.