Investor Compensation Act, 1998
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Amendment of section 34 of Stock Exchange Act, 1995. |
76.— Section 34 of the Stock Exchange Act, 1995 , is hereby amended— | |
(a) by the designation of subsection (2) as paragraph (a) and the insertion after paragraph (a) of the following paragraph: | ||
“(b) The auditor of an approved stock exchange or authorised member firm shall inform the Bank as soon as possible after an audit has been finalised whether, in the course of the audit of the approved stock exchange or authorised member firm, he identified any breaches of the Act.”, | ||
(b) by the insertion after subsection (15) of the following subsection: | ||
“(16) The Bank may require the auditor of a proposed stock exchange or member firm to furnish any information that is required to be furnished by the auditor of an approved stock exchange or authorised member firm in sections 34 and 36 of this Act.”. |