Companies Act 2014

F582[ Supplemental provisions in relation to section 934 - relevant directors

936A.

936A. (1) This section applies if

(a) either

(i) a specified person is the subject of a decision under section 934(9) that he or she has committed a relevant contravention, or

(ii) the Supervisory Authority and a specified person who falls within paragraph (b) of the definition of "specified person" have entered into a section 934E agreement in respect of a relevant contravention that the Supervisory Authority reasonably believes that the person has committed,

and

(b) that contravention relates, whether directly or indirectly, to the audit of a public-interest entity.

(2) The Supervisory Authority shall, as soon as is practicable, give the F583[Corporate Enforcement Authority] particulars of

(a) the specified person,

(b) the relevant contravention, and

(c) the public-interest entity.

(3) The Supervisory Authority shall, in addition to complying with subsection (2), give the F583[Corporate Enforcement Authority such information and assistance as the Corporate Enforcement Authority may reasonably require for the Corporate Enforcement Authority] may reasonably require for the Director to decide whether or not

(a) to investigate under Part 13 a relevant director, or

(b) to impose, under F584[section 944AB, a relevant sanction (within the meaning of section 944Z)] on a relevant director for engaging in conduct giving rise (whether in whole or in part) to the relevant contravention,

or both.]

Annotations

Amendments:

F582

Inserted (21.09.2018) by Companies (Statutory Audits) Act 2018 (22/2018), s. 37, S.I. No. 366 of 2018.

F583

Substituted (6.07.2022) by Companies (Corporate Enforcement Authority) Act 2021 (48/2021), s. 12(1) and sch. 2 ref. nos. 277, 278, S.I. No. 335 of 2022.

F584

Substituted (6.07.2022) by Companies (Corporate Enforcement Authority) Act 2021 (48/2021), s. 8, S.I. No. 335 of 2022.