reg 9 Removal of auditors on improper grounds
(1) Where the auditor of an insurance undertaking is removed from office an application may be made to the High Court under this regulation. (2) The persons who may make such an application are— (a) any member of the insurance undertaking who was also a member at the time of the removal, ... (b) the Authority ; and (c) the Financial Conduct Authority (in cases where it is not the Authority). (3) If the court is satisfied that the removal was— (a) on grounds of divergence of opinion on accounting treatments or audit procedures, or (b) on any other improper grounds, it may make such order as it thinks fit for giving relief in respect of the removal. (4) The court may, in particular— (a) declare that any resolution of the insurance undertaking removing an auditor, or appointing a new auditor in his place, is void; (b) require the directors of the insurance undertaking to re-appoint the dismissed auditor until the next general meeting of the insurance undertaking; (c) give directions as to the conduct of the insurance undertaking's affairs in the future. (5) In the application of this regulation to an insurance undertaking whose principal place of business is in Scotland or Northern Ireland, references to the High Court are to be read as references to the Court of Session or, as the case may be, the High Court in Northern Ireland.