(1) For the purposes
of section 155(1) of the Uniform Law, a law practice must, in writing,
appoint a suitably qualified person (who is within a class designated under
rule 65) as an external examiner.
(2) The law practice
must give to the designated local regulatory authority —
(a)
within 30 days after first receiving trust money (other than transit
money) in the jurisdiction concerned — written notice of the
external examiner appointed by the law practice as its external examiner, and
(b)
within 7 days after an external examiner ceases to be the external
examiner of the law practice — written notice of that fact, and
(c)
within 30 days after an external examiner ceases to be the external
examiner appointed by the law practice — written notice of the
successor external examiner appointed by the law practice as its external
examiner.
(3) The law practice
may terminate the appointment of an external examiner with the prior approval
of the designated local regulatory authority.
(4) The designated
local regulatory authority may give approval under subrule (3) if satisfied
that it is reasonable in the circumstances for the practice to terminate the
appointment.
(5) The designated
local regulatory authority may require the law practice to supply any evidence
the designated local regulatory authority requires in order to be satisfied
under subrule (4).