HC Deb 19 February 1987 vol 110 c1120
Mr. Ian Stewart

I beg to move amendment No. 41, in page 35, leave out lines 21 and 22 and insert— '(b) gives notice to its shareholders of an ordinary resolution replacing an auditor at the expiration of his term of office with a different auditor; or if a person ceases to be an auditor of the institution otherwise than in consequence of such a resolution.'. This is a technical drafting improvement of an amendment moved by the hon. Member for Thurrock (Dr. McDonald) in Committee on 22 January, which I accepted on advice from parliamentary counsel. On advice from parliamentary counsel, it is felt better that paragraph (b) should be replaced by this amendment as it is not necessary for a company to give notice that an auditor will not be reappointed; rather, the company simply gives notice of the appointment of a different auditor.

The amendment clarifies the drafting and ensures that the intention of the hon. Lady's amendment is fully met.

Amendment agreed to.

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