Securities Act 1978

50C Protection for auditors

• (1) No civil, criminal, or disciplinary proceedings may be brought against an auditor in respect of a protected disclosure.

  (2) No person may terminate the appointment of an auditor by reason of a protected disclosure.

  (3) No tribunal, body, or authority that has jurisdiction in respect of the professional conduct of an auditor may make an order against, or do any act in relation to, an auditor in respect of a protected disclosure.

  (4) In this section, protected disclosure, in relation to an auditor, means a disclosure of information in good faith by the auditor under any of the following provisions:

  • (a) section 50(2):

  • (b) section 50(3):

  • (c) section 50A(2):

  • (d) section 50A(3):

  • (e) section 50B(3):

  • (f) section 50B(4).

  Compare: 1989 No 157 s 157ZH

  Section 50C: inserted, on 1 October 2011, by section 71 of the Securities Trustees and Statutory Supervisors Act 2011 (2011 No 10).