Seanad debates
Wednesday, 28 May 2003
Companies (Auditing and Accounting) Bill 2003: Committee Stage.
10:30 am
Feargal Quinn (Independent)
Amendment No. 24 states that "the Supervisory Authority may delegate some or all of its functions and powers under sections 23 to 26". Since the word "may" is used, there is no guarantee that delegation will happen. The authority may decide to delegate only to a committee and not to the board itself. If I am interpreting the Minister of State's point properly, he is incorrect.
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