Kathleen Funchion
Question:453. Deputy Kathleen Funchion asked the Minister for Enterprise, Trade and Employment the budget allocation for the Corporate Enforcement Authority in 2021, 2022 and 2023, in tabular form. [27624/23]
View answerTuesday, 13 June 2023
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Written answers
The Corporate Enforcement Authority was established on the 7th July 2022 under the Companies (Corporate Enforcement Authority) Act 2021, delivering on a Programme for Government commitment to establish an independent, appropriately resourced and accountable enforcement body with a well-defined mandate. The CEA was invested with significant functions and powers to meet the differing demands of its remit which include promoting compliance with company law, investigating instances of suspected breaches of company law, taking appropriate enforcement action in response to breaches of company law, supervising the activities of liquidators of insolvent companies and operation of a regime of restriction and disqualification undertakings in respect of directors of insolvent companies. The CEA tackles allegations of company law breaches and investigates alleged criminal activity in the areas of fraudulent trading and dishonest dealings before a company becomes insolvent among other suspected breaches of company law.
The budget for the CEA, since its establishment in July 2022 is set out below in tabular form. No budget allocation is provided for 2021 as the CEA was not established.
|
Year |
Budget Allocation |
|
2023 |
€9,706,000 |
|
2022 (July to December) |
€3,779,000 |