Home Knowledge Corporate: Legislation Programme Autumn 2016

Corporate: Legislation Programme Autumn 2016




Criminal Justice (Corruption) Bill

To replace outdated legislation, meet international commitments to the Council of Europe, the OECD and the UN, and to give effect to certain Mahon Tribunal recommendations.

Pre-legislative scrutiny completed in 2013

Companies (Accounting) Bill 2016

To transpose the EU Accounting Directive (2013/34/EU) which provides simplifications and reductions of administrative burdens for SMEs with regard to the preparation of financial statements.

Order for Second Stage (Dáil)

Statutory Audits Bill


To transpose certain provisions in the EU Audit Directive 2014/56/EU and the EU Regulation (537/2014) which are not capable of being transposed by way of the European Union (Statutory Audits) Regulations 2016.

Heads of bill expected shortly

Criminal Justice (Money Laundering & Terrorist Financing) (Amendment) Bill

To give effect to the 4th EU Money Laundering Directive, which, amongst other things requires the disclosure of beneficial ownership of shares in Irish companies. This must be transposed into Irish law by June 2017.

Pre-legislative scrutiny as soon as possible

Finance (Certain European Union and Intergovernmental Obligations) Bill 2016

To enable the State to enter into a loan facility agreement with the Single Resolution Board in order to provide it with bridge financing of up to €1.815bn. The Bill provides the Minister for Finance with the necessary powers to perform the State’s functions under the loan facility agreement. The Bill also makes some minor amendments to the Companies Act 2014 in consequence of the transposition of the EU Directive on criminal sanctions for market abuse.

Second Stage (Seanad)