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    <title>Application for exemption.</title>
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    <description>Applications for branch audit exemption must use the prescribed form and include the prescribed fee; shareholder approval by ordinary resolution is required unless a transitional closure condition applies. Applications based on alternate audit arrangements must include a managing director or manager&#039;s certificate confirming arrangements and an auditor&#039;s written statement that the arrangements are adequate and that the branch accounts enable an auditor to certify a true and fair view of the branch&#039;s workings.</description>
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      <description>Applications for branch audit exemption must use the prescribed form and include the prescribed fee; shareholder approval by ordinary resolution is required unless a transitional closure condition applies. Applications based on alternate audit arrangements must include a managing director or manager&#039;s certificate confirming arrangements and an auditor&#039;s written statement that the arrangements are adequate and that the branch accounts enable an auditor to certify a true and fair view of the branch&#039;s workings.</description>
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