Oireachtas Joint and Select Committees

Tuesday, 19 February 2019

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

General Scheme of the Companies (Corporate Enforcement Authority) Bill 2018: Discussion

Mr. Ian Drennan:

The short answer to the question as to whether we have sufficient powers is that for the most part we do. We have significant powers. Anything in the Bill or that we might discuss with the Department, and anything to which the Department is giving consideration for further down the line, is with a view to further enhance our ability to do particular things. We can take it as a given that if we had a particular issue whereby we did not have the power to do something we needed to do on a day-to-day basis, it would have been subject to discussion with the Department and, generally speaking, in fairness to the Department it would be acted upon pretty quickly. There are no fundamental major lacunae. As Mr. Hegarty said, we identify issues in a fast evolving environment and there are particular opportunities for nuance or further enhancement. I will ask Mr. McGill to speak briefly about the telecoms issue.