Solvency II Art.72: Art. 72 Statutory auditors: report material facts promptly to the supervisor

What does Art.72 require?

Auditors performing the statutory audit or another statutory task must report promptly to supervisors any fact or decision liable to cause a material breach of authorisation or business rules, impair continuous functioning, lead to a refused or qualified opinion, or cause non-compliance with the SCR or MCR, including facts found at closely linked undertakings; good-faith reports breach no confidentiality duty.