(1) Division 6 of Part 2M.4 (about appointment, removal and fees of auditors for companies) does not apply to a CCIV.
(2) Division 7 of Part 2M.4 (about appointment, removal and fees of auditors for registered schemes) applies to a retail CCIV as if:
(a) the CCIV were a registered scheme; and
(b) the corporate director of the CCIV were the responsible entity of that scheme.