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Item No.
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Section affected
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Amendment
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1.
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Section 187
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(a) In subsection (1)(a)(i), (ii) and (vi), substitute “Supervisory Authority” for “Minister” wherever it appears.
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(b) In subsection (1)(a), substitute the following for subparagraph (iv):
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“(iv) he was authorised by the Minister before the 3rd day of February, 1983, and is for the time being authorised by the Supervisory Authority to be so appointed, or”.
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2.
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Section 189
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In subsections (1), (2) and (4), substitute “Supervisory Authority” for “Minister” wherever it appears.
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3.
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Section 190
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In subsections (1), and (2), substitute “Supervisory Authority” for “Minister” wherever it appears.
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4.
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Section 191
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Substitute the following for section 191:
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“Recognition of bodies of accountants.
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191.—The Supervisory Authority may grant recognition to a body of accountants but only if satisfied—
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(a) that the standards relating to training, qualifications and repute required by that body for the awarding of a practising certificate to a person are not less than those specified in Articles 3 to 6, 8 and 19 of the Council Directive, and
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(b) as to the standards that body applies to its members in the areas of ethics, codes of conduct and practice, independence, professional integrity, auditing and accounting standards and investigation and disciplinary procedures.”.
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5.
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Section 192
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(a) In subsections (1) and (2) substitute “Supervisory Authority” for “Minister” and substitute “under or for the purposes of section 187” for “under section 187”.
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(b) In subsection (3) substitute “Supervisory Authority” for “Minister” and substitute “under or for the purposes of section 187” for “under the said section 187”.
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(c) In subsection (4)(a) to (d) substitute “Supervisory Authority” for “Minister” wherever it appears.
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(d) In subsection (4), repeal paragraphs (e), (f) and (g).
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