Institute of Chartered Accountants of Bermuda Amendment Act 2010
1989 Revision 1



BERMUDA

2010 : 10

INSTITUTE OF CHARTERED ACCOUNTANTS OF BERMUDA

AMENDMENT ACT 2010

[Assent Date: 19 March 2010]

[Operative Date: 19 March 2010]

WHEREAS it is expedient to amend the Institute of Chartered

Accountants of Bermuda Act 1973;

Be it enacted by The Queen's Most Excellent Majesty, by and

with the advice and consent of the Senate and the House of Assembly of

Bermuda, and by the authority of the same, as follows:

Short title

1 This Act, which amends the Institute of Chartered Accountants

of Bermuda Act 1973 (“the principal Act”), may be cited as the Institute

of Chartered Accountants of Bermuda Amendment Act 2010.

Amends section 4

2 Section 4 of the principal Act is repealed and replaced by the

following—

“4 (1) The affairs of the Institute shall be managed and

conducted by a Council consisting of not less than five nor more

than twenty individuals, of whom not more than two may be

individuals who are not members of the Institute.

(2) Individuals who are members of the Institute shall

be—

(a) elected annually by the members in general

meeting; or

(b) appointed as the by-laws of the Institute shall

provide.

(3) Individuals who are not members of the Institute shall

be appointed by the Council.”.

INSTITUTE OF CHARTERED ACCOUNTANTS OF BERMUDA
AMENDMENT ACT 2010



2



Amends section 5

3 The principal Act is amended—

(a) in subsection 5(1) by deleting “individual members of the

Council” and substituting “Council members”; and

(b) in subsection 5(2) by deleting “individual members” and

substituting “Council members”.