Section 6 deals with the membership of the supervisory authority. Subsection (1) provides that each of the prescribed accountancy bodies will be a member, as well as designated bodies. Subsection (2) identifies these designated bodies. In this regard, it will be noted that various parties interested in accounts and auditing matters will be members. I should mention that section 46(1)(a) enables the Minister to prescribe any other body which may subsequently be identified as having an interest in this area to be a member of the supervisory authority. As the supervisory authority is being set up as a company limited by guarantee, it will have to have a memorandum and articles of association. Section 7 provides that following incorporation of the company, any subsequent amendments to the memorandum or articles of association can only take effect with the Minister's prior approval.