Companies Act 2014 section 957D

Relevant circumstances to be considered in imposing relevant sanctions on relevant director

Section 957D set out the circumstances that had to be considered when imposing sanctions on a relevant director, but this section has been repealed.

• Section 957D was introduced by the Companies (Statutory Audits) Act 2018 to specify the factors to be weighed when deciding what sanctions to impose on a relevant director.
• The section provided a framework of relevant circumstances to guide the sanctioning process, ensuring that penalties were proportionate and appropriately determined.
• This section was repealed by the Companies (Corporate Enforcement Authority) Act 2021, section 3, meaning it is no longer in force.
• Any matters previously governed by this section may now fall under revised provisions introduced by the 2021 Act establishing the Corporate Enforcement Authority.

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