GENE 9.7.5 Direction to appoint auditor [effective from 6th December 2009]

(1) This rule applies if there is not, at any time, an auditor appointed for an authorised firm that is a QFC entity.

Note For the duty of an authorised firm and an auditor to notify the Authority if the auditor’s appointment ends for any reason, see rule 9.7.6.
(2) The Regulatory Authority may, by written notice, direct the authorised firm to appoint an auditor for the firm.

Note The auditor must be appointed in accordance with rule 9.7.2 (Appointment of auditor).
(3) The authorised firm must comply with the direction within the period stated in the direction or, if no period is stated, within a reasonable period.
Amended by QFCRA RM/2018-1 (as from 1st May 2018).
Amended by QFCRA RM/2022-3 (as from 1st April 2022).