Simon Harris (Wicklow, Fine Gael) | Oireachtas source

I move amendment No. 40:

In page 106, after line 38, to insert the following:“Director of Corporate Enforcement

178. Sections 953, 956 and 957 of the Companies Act 2014 have effect as if references to that Act included this Act.”.

Amendment No. 40 inserts a new section 178, which cross-supplies sections 953, 956 and 957 of the Companies Act 2014. Section 953 concerns liability of a director or officer for acts and omissions. It is based on section 15 of the Company Law Enforcement Act 2001. Section 956 concerns confidentiality of information. It requires the Director of Corporate Enforcement or a former director of corporate enforcement or an officer of the director to keep confidential any information received from them in the performance of their work with the Office of the Director of Corporate Enforcement.

Section 957 concerns disclosure of information to the director. It facilitates the reporting to the Director of Corporate Enforcement of information relating to offences under this Bill, which is being gathered by the Competition Authority, members of An Garda Síochána, officers of the Revenue Commissioners, the Insolvency Service of Ireland, the Irish Takeover Panel and such other authority or person as may be prescribed. This derives from section 18 of the Company Law Enforcement Act 2001.

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