(1) The Supervisory Authority is to consist of the following members:
(a) each prescribed accountancy body that is a body corporate;
(b) if a prescribed accountancy body 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) if a designated body 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 48 (1) (b) provides otherwise, each of the following is a designated body for the purposes of this section and section 11:
(a) the Irish Business and Employers Confederation;
(b) the Irish Congress of Trade Unions;
(c) the Irish Association of Investment Managers;
(d) the Irish Stock Exchange;
(e) the Pensions Board;
(f) the Irish Financial Services Regulatory Authority;
(g) the Revenue Commissioners;
(h) the Director of Corporate Enforcement;
(i) the Law Society of Ireland;
(j) a