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Legislative Measures

Dáil Éireann Debate, Tuesday - 1 June 2021

Tuesday, 1 June 2021

Questions (143)

Paul Donnelly

Question:

143. Deputy Paul Donnelly asked the Tánaiste and Minister for Enterprise, Trade and Employment the status of the Companies (Corporate Enforcement Authority) Bill 2018. [29332/21]

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Written answers (Question to Enterprise)

The Companies (Corporate Enforcement Authority) Bill is a legislative priority for this session. This legislation has been in development since the Government adopted the package of Measures to Enhance Ireland’s Corporate, Economic and Regulatory Framework in October 2017. The package included the action to establish the Office of the Director of Corporate Enforcement as an independent company law compliance and enforcement agency.

The General Scheme of the Companies (Corporate Enforcement Authority) Bill 2018 was published on December 4th, 2018.  My Department worked with the Office of the Parliamentary Counsel on the drafting of the Bill and the Director was consulted on the draft legislation on an ongoing basis.

Pre-legislative scrutiny on the General Scheme of the Bill had not concluded at the time of the dissolution of the last Dáil and began again in December 2020. The Director of the Office of Corporate Enforcement attended the Committee on 22nd January and I attended the Joint Committee with the Tánaiste on 29th January 2021.

The Joint Committee published its report and recommendations on the General Scheme of the Bill on 20th April 2021. These are being reviewed in the Department and it is intended to revert to Government with a stamped Bill before the Summer.

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