The Companies Act 1989 (Delegation) Order 2005

Whereas it appears to the Secretary of State that the Professional Oversight Board for Accountancy is willing and able to exercise the functions transferred by this Order;

Whereas it appears to the Secretary of State that the Professional Oversight Board for Accountancy has arrangements in place relating to the exercise of those functions which are such as to be likely to ensure that the functions in question will be exercised effectively and to ensure that the functions will be exercised in accordance with the requirements specified in this Order;

Whereas the Secretary of State laid the draft of this Order before Parliament and the draft was approved by a resolution of each House of Parliament;