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  • AA-2 AA-2 Access

    • AA-2.1 AA-2.1 CBB Access to Auditors

      • AA-2.1.1

        Investment firm licensees must waive any duty of confidentiality on the part of their auditors, such that their auditors may report to the CBB any concerns held regarding material failures by the investment firm licensee to comply with CBB requirements.

        Amended: January 2007

      • AA-2.1.2

        The CBB may, as part of its on-going supervision of investment firm licensees, request meetings with a licensee's auditors. If necessary, the CBB may direct that the meeting be held without the presence of the licensee's management or Directors.

        Amended: January 2007

    • AA-2.2 AA-2.2 Auditor Access to Outsourcing Providers

      • AA-2.2.1

        Outsourcing agreements between investment firm licensees and outsourcing providers must ensure that the licensee's internal and external auditors have timely access to any relevant information they may require to fulfil their responsibilities. Such access must allow them to conduct on-site examinations of the outsourcing provider, if required.

        Amended: January 2007

      • AA-2.2.2

        Further Rules and Guidance on outsourcing will be contained in Module RM (Risk Management), to be issued later in 2007.

        Amended: January 2007