Article 68 - Appointment and removal of auditor
Limited Partnership shall appoint one or more auditors or a firm of auditors,
who shall examine and report on the Limited Partnership's accounts in
accordance with these Regulations.
(2) No person shall be appointed as auditor of a
Limited Partnership who is an
employee or a Partner of that Limited Partnership or who is a Partner,
employer or employee of any such employee or Partner.
Partners of a Limited Partnership shall appoint the auditor of that Limited
Partnership from time to time.
(4) Where for any reason no auditor is appointed, the
CRO may, on the
application of any Partner, appoint one or more auditors to hold office.
(5) Notwithstanding any agreement but without prejudice to the auditor's rights to compensation or damages, any auditor of a
Limited Partnership may be
removed by the Partners.
Limited Partnership shall as soon as reasonably practicable and in any
event not later than five days after the removal of the auditor in accordance
with Article 68(5), file a notice of removal with the CRO and if an Authorised
Firm with the Regulatory Authority.