Article 76(e): Audit Requirements
As published by the Capital Market Authority and read from the source by the regulation watch; reproduced verbatim, with attribution and a link to the source.
e. The fund board must reject the appointment of an auditor, or instruct the fund manager to replace an auditor which has already been appointed in relation to the public fund, if:
1) there are any outstanding and material allegations of professional misconduct in relation to audit functions by the auditor;
2) the auditor of the public fund ceases to be an independent auditor;
3) the auditor of the public fund is no longer registered with the Authority;
4) the fund board determines that the auditor does not have sufficient qualifications and experience to perform a satisfactory auditing functions; or
5) the Authority, in its absolute discretion, instructs the public fund manager to replace the auditor appointed in relation to the public fund.
Text read on · 3abd2ffc0a4f
History
Each time the regulation watch read the source and found these words changed, the earlier text was kept. Removed words are struck through, added words underlined.
No amendment has been seen since the platform first read these words on 2026-09-14.
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Source
The text is the Authority's, reproduced with attribution. The link opens the published document.
- Published at
- CMA — Investment Funds Regulations (English)Edition 11/2025
- Last read
- first read
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