The Capital Markets (Corporate Governance) (Market Intermediaries) Regulations

23. Internal auditor

Edition: 2022-12-31 · In force

The board shall appoint an internal auditor who shall—

(a)not be the compliance officer and shall not be involved in any function that is being audited;

(b)have sufficient authority to carry out his function as an internal auditor;

(c)have direct access to the board;

(d)subject to the oversight of the audit committee, develop an internal audit programme; and

(e)submit quarterly reports to the audit committee.