1 00:00:05,120 --> 00:00:08,810 The main and most pressing development in corporate governance in Ireland is 2 00:00:08,900 --> 00:00:13,010 the upcoming requirement of the Company's Registration Office, or the CRO, that 3 00:00:13,110 --> 00:00:16,690 certain forms which currently can be filed either electronically through the 4 00:00:16,810 --> 00:00:22,420 CRO's core software platform or by hard copy may only be filed electronically. 5 00:00:22,510 --> 00:00:27,779 This will come into effect on the 1st of March 2022 and will cover forms such as 6 00:00:27,909 --> 00:00:32,160 the Appointment of Liquidators Receivers but also and more commonly for companies 7 00:00:32,270 --> 00:00:35,659 those forms which are filed when passing either special 8 00:00:35,769 --> 00:00:37,820 or ordinary resolutions of the members. 9 00:00:37,920 --> 00:00:42,659 So any companies who are likely to need to file those forms before 1st of March 10 00:00:42,779 --> 00:00:46,269 who would prefer to file them by hard copy should do so before that date. 11 00:00:46,359 --> 00:00:49,709 The second development will be brought in by 12 00:00:49,785 --> 00:00:53,589 the Company's Corporate Enforcement Agency Act 2021, 13 00:00:53,689 --> 00:00:57,744 which while it has been signed into law is not yet commenced. 14 00:00:57,844 --> 00:01:01,777 And that development is that when companies file certain forms such as 15 00:01:01,927 --> 00:01:05,463 incorporation forms for companies, annual returns which every company 16 00:01:05,573 --> 00:01:10,227 must file yearly or forms for changing directors or changing 17 00:01:10,357 --> 00:01:15,425 directors particulars must be accompanied by the director's PPS number which is the 18 00:01:15,555 --> 00:01:20,112 local Irish tax number or the equivalent tax number where the director in question 19 00:01:20,222 --> 00:01:23,230 is not an Irish resident or otherwise do not have a PPS number.