ACCA welcomes the opportunity to comment on the proposal to issue Companies Act 2014 (Procedures Governing the Conduct of Section 933 Enquiries) Regulations 2019 (‘S933 Regulations’).
ACCA welcomes and acknowledges the steps IAASA is taking to provide clarity to this process.
However, it is not absolutely clear at this juncture the precise reason why IAASA has chosen to replace the whole statutory instrument (SI). If the amendments are extensive then we believe wholesale replacement would be a better option.
To see the response in full, please download the consultation document.