• Appointment and termination of auditors

    • MKT 10.2.2

      A Public Listed Company must:

      (1) notify the Regulator of the appointment of an auditor by completing and submitting such form as the Regulator shall prescribe;
      (2) prior to the appointment of the auditor, take reasonable steps to ensure that the auditor has the required skills, resources and experience to audit the business of the Public Listed Company for which the auditor has been appointed; and
      (3) ensure that the auditor, at the time of appointment and for the duration of the engagement is registered with the Regulator as an auditor.

    • MKT 10.2.3

      A Public Listed Company must notify the Regulator immediately if the appointment of its auditor is or is about to be terminated, or on the resignation of its auditor, by completing and submitting such form as the Regulator shall prescribe.

    • MKT 10.2.4

      A Public Listed Company must appoint an auditor to fill any vacancy in the office of auditor and ensure that the replacement auditor can take up office at the time the vacancy arises or as soon as reasonably practicable.

    • MKT 10.2.5 MKT 10.2.5

      (1) A Public Listed Company must take reasonable steps to ensure that the auditor and the relevant audit staff of the auditor are independent of and not subject to any conflict of interest with respect to the Public Listed Company.
      (2) A Public Listed Company must notify the Regulator if it becomes aware, or has reason to believe, that the auditor or the relevant audit staff of the auditor are no longer independent of the Public Listed Company, or have a conflict of interest which may affect their judgement in respect of the Public Listed Company.

      • Guidance

        A Public Listed Company should consider whether there is any financial or personal relationship between it or any of its relevant Employees and the auditor or any of the relevant Employees of the auditor that may affect the judgement of the auditor when conducting an audit of the Public Listed Company or complying with all its legal obligations, including the FSMR, GEN, AML and other relevant modules of the ADGM Rulebook.