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<h1>Regulation 62F: Audit Committees for HVDLEs Need 3 Directors, 2/3 Independent, Financial Expertise Required</h1> Regulation 62F mandates that every High Value Debt Listed Entity (HVDLE) establish an audit committee comprising at least three directors, with two-thirds being independent. Members must be financially literate, and at least one should have expertise in accounting or financial management. The chairperson, an independent director, must attend the Annual General Meeting. The company secretary acts as the committee's secretary. The committee meets at least four times a year, with specific quorum requirements and authority to investigate activities, seek information, and obtain external advice. Its role and review responsibilities are detailed in Part C of Schedule II.