Financial Markets Act, 2012 (Act No. 19 of 2012)Chapter XI : Auditing89. Auditor |
| (1) | Despite the provisions of any law, a regulated person must appoint and at all times have an auditor who engages in public practice and who has no direct or indirect financial interest in the business in respect of which the auditor is so appointed. |
| (2) | No firm of auditors, or a member of such firm, in which a regulated person or director, officer or employee of a regulated person has any financial interest, may be appointed as an auditor of a regulated person. |
| (3) | The Authority must approve the appointment of the auditor of every market infrastructure and may withdraw the approval if it is necessary. |