Ollie Crowe (Fianna Fail) | Oireachtas source

I thank our guests for joining us and for their detailed presentation. Some 95% of the companies that are registering are SMEs so it is a delicate tipping point to ensure integrity and not create more red tape, which nobody wants but which SMEs especially do not want. SMEs do not have the resources or expertise to wade through such administrative burdens. It takes too long and they do not have the resources. It is also troubling that there seems to be no verification of basic details such as directors’ addresses. It is welcome that the Companies (Corporate Enforcement Authority) Bill 2021 will require directors to provide PPSNs. Can the witnesses advise how the PPSNs will be verified? Will there be some sort of automatic check with a different Department or will company addresses continue to be accepted on a good faith basis?