GENE 9.1.1 Guidance

1. Authorised firms that are QFC entities are subject to the accounting and audit requirements set out in the Companies Regulations 2005 (Section 11) and the Limited Liability Partnerships Regulations 2005 (Part 9) as appropriate.
2. Article 123 of the Companies Regulations 2005 and Article 52 of the Limited Liability Partnerships Regulations 2005 contain record keeping requirements for branches.
3. FSR contain provisions relating to:
(a) disclosure of information by auditors; and
(b) rights and obligations regarding cooperation with auditors and an auditor's right of access to an authorised firm's books, accounts and material records.
4. This Chapter provides additional provisions relating to audit and accounting requirements as they apply to authorised firm's.
Amended by QFCRA RM 2019-1 (as from 28th March 2019).