Article 46 Qualified auditors

Northern Ireland

(1)

A person shall not be qualified for appointment as auditor of any credit unionF1 unless he is eligible for appointment as a F2statutory auditor under Part 42 of the Companies Act 2006.

(2)

None of the following persons shall be qualified for appointment as auditor of a credit union—

(a)

an officer or servant of the credit union;

(b)

a person who is a partner of, or in the employment of, or who employs, an officer or servant of the credit union;

Sub‐para.(c) rep. by SR 1993/67

(3)

Any appointment made by a credit union in contravention of paragraph (1) or (2) shall not be an effective appointment for the purposes of this Order.

Para. (4) rep. by SR 1993/67

(5)

In paragraph (2), references to an officer or servant shall be construed as not including an auditor.

Annotations

Textual amendments

F1: SR 1993/67
F2: Words in art. 46(1) substituted (6.4.2008) by Companies Act 2006 (Consequential Amendments etc) Order 2008 (S.I. 2008/948), arts. 2(2), 3(1), Sch. 1 para. 2(d) (with arts. 6, 11, 12)