Section 33 of the Act of 1995 is hereby amended -
(a) by the substitution for subsection (2) of the following subsection:
(a) A supervisory authority may set out requirements in respect of the accounts and audit of an authorised investment business firm which is constituted as an unincorporated body of persons or as a sole trader including requirements which are analogous to those set out in the Companies Acts and may impose duties or obligations on the auditor or on the authorised investment business firm concerned.
(b) The auditor of an authorised investment business firm shall inform the supervisory authority as soon as possible after an audit has been finalised whether, in the course of an audit of the authorised investment business firm, he identified any breaches of this Act.";
and
(b) by the insertion after subsection (15) of the following subsection:
"(16) The supervisory authority may require the auditor of a proposed investment business firm to furnish any information th
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