Companies Act 2014

915

Application of money received by Supervisory Authority

915. (1) The Supervisory Authority shall not use the money received by it under this Chapter except for the purpose of meeting expenses properly incurred by it in performing its functions under this Chapter.

F678[(2) The Supervisory Authority may use money set aside for or paid into the reserve fund in accordance with section 919 only for the purpose of meeting expenses incurred by it in performing its functions under sections 933 and 934, and may not use any other money received by it for that purpose.]

F679[(3) F680[]]

Annotations

Amendments:

F678

Substituted (3.12.2024) by Companies (Corporate Governance, Enforcement and Regulatory Provisions) Act 2024 (44/2024), s. 74(a), S.I. No. 639 of 2024.

F679

Inserted (21.09.2018) by Companies (Statutory Audits) Act 2018 (22/2018), s. 22(b), S.I. No. 366 of 2018.

F680

Deleted (3.12.2024) by Companies (Corporate Governance, Enforcement and Regulatory Provisions) Act 2024 (44/2024), s. 74(b), S.I. No. 639 of 2024.

Editorial Notes:

E178

Previous affecting provision: subs. (2) amended (21.09.2018) by Companies (Statutory Audits) Act 2018 (22/2018), s. 22(a), S.I. No. 366 of 2018; substituted (3.12.2024) as per F-Note above.