Ann Graves (Dublin Fingal East, Sinn Fein)
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244. To ask the Minister for Enterprise, Trade and Employment further to Parliamentary Question No. 697 of 8 September 2025, to confirm when the Companies (Corporate Governance, Enforcement and Regulatory Provisions) Act 2024 will come into effect; and if the legislation is retrospective, ensuring that one late filing in 2024 will not mean one still has to file audited accounts for two years. [49697/25]

Niamh Smyth (Cavan-Monaghan, Fianna Fail)
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The Companies (Corporate Governance, Enforcement and Regulatory Provisions) Act 2024 was signed into law on 12th November 2024.

Commencement Orders determine when the various provisions take effect. The majority of the provisions came into operation on 3rd December 2024 (S.I. 639 of 2024). Section 22 of the Act, providing for a revised audit exemption regime, came into operation on 16th July 2025 (S.I. 325 of 2025).

The remaining sections of the 2024 Act relate to a variety of administrative and filing matters relating to the Companies Registration Office (CRO) and will be commenced once the necessary preparations have been made by the CRO.

With regard to a late filing in 2024, before the commencement of section 22, the law applying at that time means the company will have lost their audit exemption for the subsequent two years, namely 2025 and 2026, and will have to file audited accounts.