Companies Act 2014 section 1559

Requesting authority to be notified if its request not complied with

Section 1559 requires the Supervisory Authority or a recognised accountancy body to explain to the requesting authority in another EU Member State why it has failed to comply with a request for information, unless the failure falls within recognised exceptions.

• When the Supervisory Authority or a recognised accountancy body does not comply with an information request from another Member State, it must notify the requesting authority of the reasons for the failure.
• This notification obligation does not apply where the non-compliance is simply a delay in gathering the requested information, or where the request has been formally refused on permitted grounds.
• The duty to explain applies only to unexplained or unjustified failures to comply — not to situations already covered by the delay or refusal provisions.
• Where the non-compliant party is a recognised accountancy body, it must also separately notify the Supervisory Authority of the reasons for its failure to comply.