34. Amendment of section 31c

Section 31c of the principal Act is amended—

(a)

in subsection (1), by inserting after the words “section 31b” the words “relating to audit oversight”;

(b)

in subsection (2), by substituting for the word “Commission”

the word “Board”;

(c)

in subsection (3)—

(i)

by substituting for the word “Commission” the word “Board”; and

(ii)

in paragraph (c), by inserting after the words

“public interest entities” the words “or schedule funds”; and

(d)

in subsection (4)—

(i)

by deleting the words “shall serve on a full-time basis and” after the words “executive chairman”;

and

(ii)

in paragraph (b), by inserting after the words

“public interest entity” the words “or schedule fund”.

Securities Commission (Amendment)

Report