10X FUND MANAGERS (RF) PROPRIETARY LIMITED - Notification of change in auditors - 10X ETFs
What this filing means
Ernst & Young has replaced PricewaterhouseCoopers Inc. as external auditor of the 10X Exchange Traded Fund Scheme, 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 PwC on accounting practices, disclosure, audit scope or procedure, and no reportable irregularities relating to the Schemes.
The company that runs the 10X exchange-traded funds has a new firm checking its books. That is worth knowing because an auditor change can sometimes hint at a dispute over how accounts are prepared — here the manager explicitly says there was none, and ties the switch to new owners wanting their own audit arrangements. Nothing in the notice changes what the funds hold or what they charge.
Bear case
- The filing gives no audit fee, transition timetable or handover detail, so the practical cost and disruption of the change cannot be assessed.
AI-generated summary by SENS-AI, based on the original JSE SENS filing.
SENS-AI conclusion
A housekeeping notice with one genuinely useful line in it: the manager states the change was not the result of any disagreement with PwC on accounting practices, disclosure, audit scope or procedure, and that there were no reportable irregularities. That is the sentence that separates a routine ownership-driven switch from a warning sign, and it is present. Nothing here bears on the funds' portfolios, fees or distributions. So what: nothing changes for holders, and the next real test is the audited accounts EY will sign.
The first set of Scheme financial statements audited by Ernst & Young is where the new auditor's work becomes visible to holders.
Evidence from the filing
The auditor change and its effective 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 reason for the change.
“Investors are advised that, following the recent change in ownership of the manager of the Schemes, the manager has initiated a change in the external auditor of the Schemes to align the audit arrangements with the new ownership structure.”
No disagreement with the outgoing auditor is disclosed.
“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.
“The Financial Sector Conduct Authority (“FSCA”) approved the change on 16 October 2026.”
Compliance with the listings requirements is asserted.
“The Schemes confirm that the appointment of the new auditor complies with paragraphs 6.11 and 6.12 of the JSE Debt & Specialist Securities Listings Requirements.”
Related filings
Other Other Administrative
- CORESOLUTIONS FUND MANAGERS (RF) PROPRIETARY LIMITED - Notification of change in auditors - CoreSolutions
- 10X FUND MANAGERS (RF) PROPRIETARY LIMITED - Notification of change in auditors - 10X AMETFs
- QFHQUANTUM FOODS HOLDINGS LIMITED - Schedule 1 Director's Disclosure
- ENXenX GROUP LIMITED - Receipt of Compliance Certificate
- HLMHULAMIN LIMITED - AVAILABILITY OF B-BBEE COMPLIANCE REPORT