Established in July 2022 by the Companies (Corporate Enforcement Authority) Act 2021, the CEA’s statutory mandate derives principally from the Companies Act 2014. The CEA is also conferred with statutory functions in respect of certain investment vehicles under the Irish Collective Asset-management Vehicles Act 2015. In addition, the CEA is the competent authority for the purpose of imposing sanctions on company directors under the Companies (Statutory Audits) Act 2018.
The CEA’s functions under the Companies Act 2014 include:
Complaints, Concerns and Protected Disclosures
We receive information from a variety of sources. Certain professionals, e.g., auditors, examiners, and receivers, are required by law to make reports to us under certain circumstances. Certain professional bodies have similar obligations. In addition, every liquidator appointed to an insolvent company has certain reporting obligations to us.
We actively encourage members of the public to submit complaints and concern to us where there are indications of non-compliance with company law. In certain circumstances, a person may be eligible to make a protected disclosure to us also. Where in any doubt, independent legal advice should be sought. Further information as to how to make a complaint, submit a concern or make a protected disclosure is available on the Complaints, Concerns & Protected Disclosures page.
Certain other regulatory and enforcement bodies may (and, in certain circumstances, must) refer matters suggestive of a breach of company law to us.
Information & Guidance
Company directors and secretaries occupy key governance positions and have a range of corresponding duties and responsibilities under company law. In order to assist directors and secretaries to navigate their responsibilities, the CEA has published a range of information and guidance documents which seek to summarise:
We have also published a Single Guide, which provides a useful summary of the above in one document.