GENE 9.7.3A Limit on term of auditor's appointment

Subject to rule 9.7.3B (4), an authorised firm that is a QFC entity:

(a) must not appoint a person as its auditor for a period longer than 5 years; and
(b) must not re-appoint a person as its auditor if the re-appointment would result in the person's having been the firm's auditor continuously for longer than 5 years, unless at least 2 years has elapsed since the end of the person's last appointment as the firm's auditor.
Inserted by QFCRA RM/2017-3 (as from 1st April 2017).