Companies (Auditing and Accounting) Act 2003
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Delegation of Supervisory Authority's functions and powers. |
27.—(1) The Supervisory Authority may delegate some or all of its functions and powers under section 23 to 26 to a committee established for that purpose and constituted as follows: | |
(a) in the case of functions and powers under sections 23 to 25, a committee consisting of directors of the Authority and such professional and other advisers as the Authority considers necessary; | ||
(b) in the case of functions and powers under section 26 , a committee constituted in the manner described in paragraph (a) of this section or consisting of only such professional and other advisers as the Authority considers necessary. | ||
(2) Where functions or powers under a provision referred to in subsection (1) are delegated to a committee, any references in that provision to the Supervisory Authority are to be construed as references to that committee. | ||
(3) Subject to the regulations made under section 28 (4), a committee may regulate its own procedure. | ||
(4) The Supervisory Authority may, if it reasonably considers it appropriate to do so, perform any of its other functions or exercise any of its other powers through or by any of its officers or employees or any other person duly authorised by it in that behalf. |