Regulation 3 Appointment, resignation and removal of auditors
The Appointing Body of a scheme shall appoint one or more persons who satisfy the requirements of regulation 7(3) of the Disclosure Regulations to audit the scheme's accounts for each scheme year, or, where the scheme was in operation for only part of a particular scheme year, for that part of that scheme year.
The Appointing Body of a scheme may remove an auditor at any time by serving on him a notice in writing stating the date with effect from which his appointment is terminated.
Subject to the provisions of paragraph (4), an auditor of a scheme may resign at any time by Serving on the Appointing Body and the trustees of the scheme a notice in writing, and if he does so his resignation shall be effective from the date (if any) specified in the notice as being that from which he wishes his resignation to be effective, or, if no such date is so specified, the date on which the Appointing Body receives the notice.
An auditor's resignation shall not be effective unless the notice referred to in paragraph (3) contains either—
a statement specifying any circumstances connected with the auditor's proposed resignation which, in his opinion, significantly affect the interests of the members or prospective members of, or beneficiaries under, the scheme; or
a statement that the auditor knows of no such circumstances.
Where an auditor is removed in accordance with paragraph (2), he shall, within 14 days of the removal, serve on the Appointing Body and the trustees of the scheme either—
a statement specifying any circumstances connected with the removal which, in his opinion, significantly affect the interests of the members or prospective members of, or beneficiaries under, the scheme; or
a statement that the auditor knows of no such circumstances.
When the last remaining or only auditor who was appointed to audit the accounts for a scheme—
is removed by the Appointing Body;
resigns; or
dies,
before completing the audit of those accounts for a scheme year or part of a scheme year, the Appointing Body shall either reappoint him with his consent, or appoint one or more other auditors in his place, as soon as reasonably practicable, to audit those accounts.
In a case where a statement has been made under paragraph (4) or (5), the trustees shall—
furnish the next auditor whom the Appointing Body appoints with a copy of that statement on or before the day on which he is appointed, or, if it is later, on or before the fourteenth day after they receive the statement; and
furnish any other auditor who is still in office with a copy of that statement on or before the fourteenth day after they receive it.