Article 88 - Appointment of Auditors and Actuaries

(1) The Regulatory Authority may make Rules which require an Authorised Firm or an Authorised Firm falling within a particular class, to appoint an Auditor or an Actuary, if it is not already subject to a separate requirement to do so.
(2) The Regulatory Authority may make such Rules regarding:
(A) the appointment, term of office, registration or removal of Auditors or Actuaries;
(B) the qualification or approval of Auditors or Actuaries;
(C) the duties, functions and powers of Auditors or Actuaries;
(D) the scope, content and timing of any reports, reviews or audits to be undertaken by Auditors or Actuaries;
(E) the approval by the Regulatory Authority of Auditors or Actuaries;
(F) the remuneration of Auditors or Actuaries;
(G) the notification or reporting obligations of Auditors or Actuaries (whether to the relevant Authorised Firm, the Regulatory Authority or otherwise); and
(H) such other related or ancillary matters the Regulatory Authority thinks fit.
(3) An Auditor or Actuary to whom any such Rules made by the Regulatory Authority apply shall comply with and have such rights and powers as are prescribed by such Rules.
(4) Any decision taken by the Regulatory Authority permitting the Regulatory Authority to remove, disqualify or refuse to approve an Auditor or Actuary may be referred to the Appeals Body by the Auditor or Actuary affected.