CAPI 7.3.2 Regulatory Authority may require special purpose reports

(1) The Regulatory Authority may, by written notice, require a firm—
(a) to undertake a special purpose review of matters relating to the firm's operations, risk management or financial affairs, and
(b) to prepare a report on the review.
(2) A special purpose review and report must be undertaken and prepared by a reporting actuary unless the Regulatory Authority appoints an actuary to undertake the review and prepare the report.
(3) A special purpose review and report must be undertaken and prepared in accordance with relevant professional standards.
(4) The special purpose report must—
(a) be prepared and signed by the actuary who prepared it; and
(b) be given by the actuary simultaneously to the Regulatory Authority and the firm within 3 months after the date of the written notice requiring the report, unless the authority gives an extension of the period in writing.

Note Writing is defined in the glossary.
Derived from QFCRA RM/2011-1 (as from 1st July 2011)