The document defines two categories of recognised accountancy bodies: recognised accountancy body A, which cannot perform certain functions under specific provisions, and recognised accountancy body B, which can perform relevant functions in all cases. It establishes that 'relevant members' are those statutory auditors or potential statutory auditors who are unable to have their relevant functions performed by recognised accountancy body A. The Supervisory Authority is permitted to perform the relevant functions for these members until further notices are issued.

Additionally, any obligations owed by relevant members to recognised accountancy body A related to the relevant function are transferred to the Supervisory Authority or recognised accountancy body B when applicable. Costs incurred by the Supervisory Authority or recognised accountancy body B in performing relevant functions will be borne by recognised accountancy body A. Should recognition of an accountancy body be revoked, the obligations under the Act concerning statutory audits cease for auditors of that body unless they belong to another recognised body. Recognised accountancy body A has the right to appeal decisions made by the Supervisory Authority regarding cost determinations within three months of notification.