97. Qualification and application

Past version: effective from 05/07/2012 - 20/08/2014
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(1) In this Part, unless expressed otherwise, an auditor means:
(a) in relation to an Authorised Firm, Authorised Market Institution or a Public Listed Company incorporated or formed in the DIFC, an auditor who is registered under this Law; or
(b) in relation to an Authorised Firm incorporated or formed in a jurisdiction other than the DIFC, an auditor appointed by the Authorised Firm.
(2) For the purposes of this Part a person is a Public Listed Company if that person is incorporated or formed in the DIFC and is admitted to an official list of securities in the DIFC or is admitted to an equivalent list of securities in another jurisdiction.
(3) The DFSA shall make Rules setting out the requirements an auditor must meet to become registered by the DFSA. Such Rules may include requirements relating to the qualifications, experience and fitness and propriety of applicants.
(4) The DFSA may make Rules providing for a variation of the requirements referred to in Article 97(3) where an application is made by a firm that is, at the time of application, regulated in a jurisdiction other than the DIFC.