132. (1) An ICAV may by resolution remove an auditor from office despite the terms of any agreement between it and the auditor.

(2) Where a resolution removing an auditor is passed at a general meeting of an ICAV, the ICAV shall, not later than 14 days after the date of the holding of the meeting, notify the Bank in writing of the passing of the resolution.

(3) Nothing in this section is to be taken as depriving a person removed under it of compensation or damages payable in respect of the termination of the person’s appointment as auditor or of any appointment terminating with that as auditor.