26. Futures brokers to appoint auditors
Feedback & supportA futures broker shall appoint an auditor to audit his accounts (including all segregated trust accounts required to be kept by the futures broker under section 37) and, where for any reason the auditor ceases to act for the futures broker, the futures broker shall, as soon as practicable thereafter, appoint another auditor to replace him.
futures broker
“futures broker” means any person, whether as principal or agent, who —(a)carries on the business of soliciting or accepting orders, for the purchase or sale of any commodity under a futures contract on any Futures Exchange or futures market whether or not that person accepts any money, securities or property (or extends credit in lieu thereof) to margin, guarantee or secure any contract or transaction that may result therefrom; or(b)carries on the business of leveraged foreign exchange trading,whether the business is part of, or is carried on in conjunction with, any other business;