Article 40 - Resignation of auditor

(1) An auditor of a Limited Liability Partnership may resign from office by depositing a notice in writing to that effect at the Limited Liability Partnership's registered office, and any such notice operates to bring his term of office to an end on the date on which the notice is deposited, or on such later date as may be specified in it.
(2) When an auditor ceases for any reason to hold office the auditor shall deposit at the Limited Liability Partnership's registered office:
(A) a statement of any circumstances connected with his ceasing to hold office which he considers should be brought to the notice of the Members or creditors of the Limited Liability Partnership; or
(B) if he considers that there are no such circumstances a statement that there are none.
(3) Where a statement under this Article 40 falls within Article 40(2)(A), the Limited Liability Partnership shall within 21 days send a copy of the statement to every Member of the Limited Liability Partnership.
(4) The Limited Liability Partnership shall as soon as reasonably practicable and in any event not later than five days after the deposit of notice of resignation at its registered office file a copy of the notice in the Prescribed Form together with the Prescribed Fee with the CRO and if an Authorised Firm with the Regulatory Authority.
Amended by QFCA RM2012-1 (as from 11th April 2012)