Companies (Statutory Audits) Act 2018

Amendment of section 915 of Principal Act

22. Section 915 of the Principal Act is amended—

(a) in subsection (2), by the substitution of “Subject to subsection (3), the Supervisory Authority” for “The Supervisory Authority”, and

(b) by the insertion of the following subsection after subsection (2):

“(3) The Supervisory Authority may use money referred to in subsection (2) that comprises any part of any money paid to the Supervisory Authority pursuant to section 934C(2)(g) only for the purpose of meeting expenses incurred by it in undertaking an investigation under section 934.”.