55Audits of scheme participants

55 Audits of scheme participants

55 Audits of scheme participants

(1) The Scheme Regulator may, at any time, conduct audits (or require audits to be conducted) of a scheme participant in relation to the scheme participant’s compliance with the energy savings scheme.

(2) An audit may be conducted for the purpose of—

(a) substantiating information provided to the Scheme Regulator, or

(b) determining whether the scheme participant has complied with the Act, the regulations or the scheme rules.

(3) In the case of an audit required by the Scheme Regulator, the Scheme Regulator may require the audit to be conducted by—

(a) a person nominated by the Scheme Regulator, or

(b) a person chosen by the scheme participant from a panel of persons nominated by the Scheme Regulator, or

(c) a person nominated by the scheme participant and approved by the Scheme Regulator.

(4) An approved auditor is to conduct an audit in accordance with the directions (if any) of the Scheme Regulator.