Companies Act 2014 section 1401

Requirement for corporate governance statement and modification of certain provisions of Parts 5 and 6 as they apply to investment companies

Section 1401 requires investment companies whose shares or debentures are traded on a regulated market in the European Economic Area to prepare a corporate governance statement, by applying the relevant provisions of Chapter 3 of Part 23 of the Companies Act 2014 to such companies.

• Investment companies with shares or debentures admitted to trading on a regulated market in the EEA must provide a corporate governance statement.
• The rules set out in Chapter 3 of Part 23 of the Companies Act 2014 are extended to apply to these investment companies.
• The requirement covers trading on any regulated market within the European Economic Area, not just Irish or UK markets.
• Certain provisions of Parts 5 and 6 of the Act, which deal with financial statements and auditing, are modified as they apply to investment companies in this context.