Auditor and valuer appointments enable inspection of fund managers, with equivalent cooperation duties and recoverable inspection expenses.

Regulation 140 permits appointment of an auditor to inspect an FME's accounts, records, documents, infrastructure, systems, procedures, or affairs. The auditor has the powers of an inspecting authority, while the FME and its employees have corresponding obligations. A valuer may be appointed where scheme asset valuation is necessary. The Authority may recover inspection expenses, including fees paid to an appointed auditor or valuer.

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