10X FUND MANAGERS (RF) PROPRIETARY LIMITED - Notification of change in auditors - 10X AMETFs
What this filing means
10X Fund Managers has changed the external auditor of the 10X Exchange Traded Fund Scheme, with Ernst & Young appointed in place of PricewaterhouseCoopers Inc. with effect from 16 October 2026, the date the Financial Sector Conduct Authority approved the change. The manager says the switch follows the recent change in ownership of the manager and aligns the audit arrangements with the new ownership structure. The filing states there was no disagreement with the outgoing auditor and no reportable irregularities.
The company that runs these two 10X exchange traded funds has a new owner, and it has changed the firm that checks its books, from PwC to EY. It says the reason is housekeeping after that ownership change, not a fight over how the accounts were done. For a fund holder this changes nothing about what the funds hold or what they cost; it is a governance notice, not a signal about performance.
Bear case
- Missing evidence: the filing gives no audit fee, no transition timetable and no detail on any change in audit approach under the new auditor.
AI-generated summary by SENS-AI, based on the original JSE SENS filing.
SENS-AI conclusion
An administrative notice with no economic content for holders of the 10X All Asia Actively Managed ETF or the 10X Income Actively Managed ETF. The auditor changes from PwC to EY, effective on the FSCA approval date of 16 October 2026, and the filing attributes the switch to the manager's recent ownership change rather than to any accounting dispute. The explicit statement that there was no disagreement over accounting practices, disclosure, audit scope or procedure, and no reportable irregularities, is the one fact worth registering. So what: nothing changes in the funds' portfolios or economics; the next audited accounts will be the first signed by EY.
The next set of audited financial statements will be the first prepared under Ernst & Young, and will show whether the transition passed without qualification.
Evidence from the filing
The auditor change is effective on the FSCA approval date.
“Accordingly, Ernst & Young has been appointed as auditor of the Schemes, replacing PricewaterhouseCoopers Inc. (“PwC”), with effect from 16 October 2026, being the date on which the FSCA approved the change.”
The stated cause is the ownership change of the manager, not an accounting dispute.
“the manager has initiated a change in the external auditor of the Schemes to align the audit arrangements with the new ownership structure.”
The filing explicitly rules out a disagreement with the outgoing auditor.
“The change was not the result of any disagreement with the outgoing auditor concerning accounting practices, financial statement disclosure, auditing scope or procedure, and there were no reportable irregularities relating to the Schemes.”
Regulatory approval of the change is stated.
“The Financial Sector Conduct Authority (“FSCA”) approved the change on 16 October 2026.”
Related filings
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