Companies Act 2014 section 940

Confidentiality of information

Section 940 establishes the rules around confidentiality of information held by the Irish Auditing and Accounting Supervisory Authority (IAASA), including the circumstances under which such information may or may not be disclosed.

• Information obtained by IAASA in performing its functions must not be disclosed if it is not already publicly known.
• Exceptions allow disclosure by IAASA directors, agents, and advisers in the course of their duties, for legal proceedings, where required by law, or where a potential criminal offence is suspected.
• IAASA may prescribe by regulation additional persons to whom disclosure may lawfully be made.
• Unauthorised disclosure of confidential information is a category 2 offence, but these restrictions do not prevent IAASA from fulfilling its obligations under relevant provisions.