(1) The Supervisory Authority is to consist of the following members:
(a) each prescribed accountancy body that is a body corporate;
(b) in the case of a prescribed accountancy body that is not a body corporate, an individual or body corporate nominated by that prescribed accountancy body to be a member;
(c) each designated body that is a body corporate;
(d) in the case of a designated body that is not a body corporate, an individual or body corporate nominated by that designated body to be a member.
(2) Unless a regulation under section 943(1)(b) provides otherwise, each of the following is, on and from the commencement of this section, a designated body for the purposes of subsection (1):
(a) the Corporate Enforcement Authority;
(b) the Central Bank;
(c) the Irish Stock Exchange;
(d) the Revenue Commissioners;
(e) any body prescribed under section 943(1)(a) as a designated body.