Prior approval of appointment of directors, senior officers or auditors and duty to notify changes

(1) A registrant shall obtain the approval in writing of the Supervisor, prior to making the appointment of any director, (2) Where the Supervisor approves any changes of a director, senior officer or auditor of a registrant, details of the newly appointed director, senior officer or auditor, including in the case of an auditor, the auditor’s written consent to act, shall be notified to the Supervisor, within fourteen days of such (3) In the case of a change of the auditor of a registrant, the Supervisor may at his discretion require that the former auditor disclose the circumstances responsible for the change.