Section 905 of the Principal Act is amended, in subsection (2) -
(a) by the substitution of the following paragraph for paragraph (a):
"(a) grant recognition to bodies of accountants for the purposes of the relevant provisions,",
(b) in paragraph (d), by the substitution of "paragraph (a)(ii) or (iii) or (b)(ii) of the definition of 'approved investigation and disciplinary procedures' in subsection (1) of that section" for "subsection (1)(a)(ii) or (iii) or (1)(b)(ii) of that section",
(c) by the substitution of the following paragraph for paragraph (e):
"(e) impose under section 933 sanctions on prescribed accountancy bodies in relation to enquiries referred to in paragraph (d),",
(d) by the insertion of the following paragraphs after paragraph (e):
"(ea) conduct under section 933 enquiries into whether a recognised accountancy body has complied with the applicable provisions in performing a Part 27 function,
(eb) impose under section 933 sanctions on recognised accountancy bodies in
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