ENF 17.1 Application and purpose
Application
This chapter applies to:1
Purpose
Auditors and actuaries fulfil a vital role in the management and conduct of firms and AUTs. Provision of the Act, rules made under the Act and the OEIC Regulations 2000 impose various duties on auditors and actuaries. These duties and the FSA's power to disqualify auditors and actuaries if they breach them will assist the FSA in pursuing its regulatory objectives. The FSA's power to disqualify auditors in breach of duties imposed by trust scheme rules will also assist the FSA to achieve these regulatory objectives by ensuring that auditors fulfil the duties imposed upon them by these rules.1