Home Building Finance Ireland Act 2018

Appointment of statutory auditor or firm

16. (1) Where, following prior consultation with the Minister, the board of HBFI considers it appropriate to do so having regard to its functions (including the obligations imposed on HBFI under section 7 (2)), HBFI or any HBFI group entity may appoint a statutory auditor or statutory audit firm to be a statutory auditor of HBFI or the HBFI group entity, as the case may be, for the purposes of, and in accordance with, the Companies Act.

(2) The appointment of a statutory auditor or statutory audit firm under subsection (1) shall not affect the operation of section 15 .

(3) In this section—

“2016 Audit Regulations” means the European Union (Statutory Audits) (Directive 2006/43/EC, as amended by Directive 2014/56/EU, and Regulation (EU) No 537/2014) Regulations 2016 ( S.I. No. 312 of 2016 );

“statutory auditor” has the same meaning as it has in the 2016 Audit Regulations;

“statutory audit firm” has the same meaning as it has in the 2016 Audit Regulations.