The Companies (Audit, Investigations and Community Enterprise) (Northern Ireland) Order 2005

Delegation of functions by Department to new or existing body
This section has no associated Explanatory Memorandum

5.—(1) Article 48 of the 1990 Order (delegation of functions of Department) is amended as follows.

(2) For paragraph (1) substitute—

(1) The Department may make an order under this Article (a “delegation order”) for the purpose of enabling functions of the Department under this Part to be exercised by a body designated by the order.

(1A) The body so designated may be either—

(a)a body corporate which is established by the order, or

(b)subject to Article 48A, a body (whether a body corporate or an unincorporated association) which is already in existence (“an existing body”)..

(3) In paragraph (2) (effect of delegation order on body established by it), for “established” substitute “designated”.

(4) For paragraph (6) substitute—

(6) Where a delegation order is made, the provisions of Schedule 13 have effect with respect to—

(a)the status of the body designated by the order in exercising functions of the Department under this Part;

(b)the constitution and proceedings of the body where it is established by the order;

(c)the exercise by the body of certain functions transferred to it; and

(d)other supplementary matters..