Companies Act 2014

448.

Reporting to Director of Corporate Enforcement of misconduct by receivers

448. (1) Where a disciplinary committee or tribunal (however called) of a prescribed professional body—

(a) finds that a member of that body who is conducting or has conducted a receivership has not maintained appropriate records in relation to that activity, or

(b) has reasonable grounds for believing that such a member has committed a category 1 or 2 offence during the course of conducting a receivership,

the professional body shall report the matter, giving details of the finding or, as the case may be, of the alleged offence, to the F267[Authority] forthwith.

(2) If a professional body fails to comply with this section, it, and any officer of the body to whom the failure is attributable, shall be guilty of a category 3 offence.

Annotations

Amendments:

F267

Substituted (6.07.2022) by Companies (Corporate Enforcement Authority) Act 2021 (48/2021), s. 12(1) and sch. 2 ref. no. 46, S.I. No. 335 of 2022.

Editorial Notes:

E81

Power pursuant to section exercised (19.12.2018) by Companies Act 2014 (Prescribed Professional Bodies) Regulations 2018 (S.I. No. 570 of 2018).