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ARTICLE · 11 JULY 2022

Corporate Enforcement Authority Is Established

William Fry LLP
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The Minister for Enterprise Trade and Employment has made Orders commencing the Companies (Corporate Enforcement Authority) Act 2021 (2021 Act) with effect from 6 July 2022 (save for section 35)...

IrelandCorporate/Commercial Law
Lisa Carty
Lisa Carty
Richard Breen
Richard Breen
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The Minister for Enterprise Trade and Employment has made Orders commencing the Companies (Corporate Enforcement Authority) Act 2021 (2021 Act) with effect from 6 July 2022 (save for section 35) and the establishment of the new Corporate Enforcement Authority with effect from 7 July 2022. For a comprehensive review of the legislation see our earlier update here.

The 2021 Act was signed into law on 22 December 2021. A typographical cross-referencing error in section 11 of the 2021 Act was corrected under the Redundancy Payments (Amendment) Act 2022.

The 2021 Act is significant in that it establishes a new stand-alone statutory body known as the Corporate Enforcement Authority (CEA) to perform the functions conferred on it under the legislation. The primary functions of the CEA are to investigate suspected offences and non-compliance by companies and their officers with their duties under the Companies Act 2014. All functions previously vested in the Director of

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