If an auditor of a licensed member in the course of the performance of his duties becomes aware of:

(a) Any matter which in his opinion, adversely affects or may adversely affect the financial position of the licensed member to a material extent;
(b) Any matter which in his opinion, constitutes or may constitute a breach of the CBB Law, rules and regulations, or an offence involving fraud or dishonesty; or
(c) Any irregularity that has or may have a material effect upon the accounts of the licensed member, including any irregularity that affects or jeopardises or may affect or jeopardise, the assets and money of clients, then the auditor shall immediately send to the CBB and licensed exchange and/or licensed clearing house a written report of the matter or the irregularity.
Adopted January 2010