Companies Act 2014

F418 [ Supplemental provisions in relation to section 934 - relevant directors


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,


(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 Director 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 Director such information and documents and assistance as the Director 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 section 957B , a relevant sanction (within the meaning of section 957AA ) on a relevant director for engaging in conduct giving rise (whether in whole or in part) to the relevant contravention,

or both. ]




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