The auditor of an investment fund must not be changed unless
(a) the independent review committee of the investment fund has approved the change of auditor under subsection 5.2(2) of NI 81-107;
(b) the prospectus of the investment fund discloses that, although the approval of securityholders will not be obtained before making the change, securityholders will be sent a written notice at least 60 days before the effective date of the change, and
(c) the notice referred to in paragraph (b) to securityholders is sent 60 days before the effective date of the change.