Securities and Futures Act 2001 · 2020 Revised Edition · Part 5 · Books, Customer Assets and Audit
115. Additional powers of Authority in respect of auditors
Feedback & supportThe Authority may impose all or any of the following duties on an auditor of a holder of a capital markets services licence:
a duty to submit to the Authority such additional information in relation to his or her audit as the Authority considers necessary;
a duty to enlarge or extend the scope of his or her audit of the business and affairs of the holder;
a duty to carry out any other examination or establish any procedure in any particular case;
a duty to submit a report to the Authority on any of the matters referred to in paragraphs (b) and (c),and the auditor must carry out such additional duty or duties.
A holder of a capital markets services licence must remunerate the auditor in respect of the discharge of such additional duty or duties as the Authority may impose under subsection (1).
capital markets services licence
“capital markets services licence” means a licence that is granted by the Authority under section 86 to a person to carry on a business in any regulated activity;