Oireachtas Joint and Select Committees

Wednesday, 15 December 2021

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

Companies Registration Office: Discussion

Photo of Maurice QuinlivanMaurice Quinlivan (Limerick City, Sinn Fein)
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I will make a few comments myself before we move on to the second round. They relate to the Companies Registration Office, CRO, and its referrals to the Office of the Director of Corporate Enforcement. Did Mr. Newham say there were six such referrals this year or six since the issue was raised publicly? He might come back with the correct number of referrals.

My main question is on setting up the new corporate enforcement authority. How do the witnesses see the CRO working with that agency? What plans does the Department have? Have there been discussions on that? Will the Department have somebody located in the authority? Will there be regular meetings? How is it anticipated that will work? Will there just be engagement on a case-by-case basis? If it is to be on a case-by-case basis, will engagement be initiated by the CRO or by the corporate enforcement authority? I do not expect the witnesses to know 100% how they will work with the new entity but what is their vision in that regard? I would appreciate it if Mr. McFadden could come in on that point.