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716

An issuer may appoint different auditing firms for its subsidiaries or significant associated companies (referred to in Rule 715(1)) provided that:

(1) the issuer's board and audit committee are satisfied that the appointment would not compromise the standard and effectiveness of the audit of the issuer; or
(2) the issuer's subsidiary or associated company, is listed on a stock exchange.

Amended on 29 September 201129 September 2011.