12.0 Legal Counsel and Auditors

12.1 The Legal Counsel for FMRAC shall be appointed annually by resolution of the Members at the annual Meeting of the Members. Any vacancy may be filled by the Board until the next Annual General Meeting.
12.2 The Auditor for FMRAC shall be appointed annually by resolution of the Members at the annual Meeting of the Members. Any vacancy may be filled by the Board until the next Annual General Meeting.

12.2.1 At least once every year and as soon as possible after the fiscal year end, the auditors shall examine the correctness of the accounts and the financial records of FMRAC and prepare the financial statements for review by the Audit and Finance Committee, approval by the Board and acceptance by the Members.