Document background
The Signatory Authority Letter is a fundamental business document used when an organization needs to formally delegate signing powers to specific individuals. Under Irish law, particularly governed by the Companies Act 2014 and related regulations, this document establishes clear authorization chains within organizations. It is typically required when dealing with financial institutions, government agencies, or business partners who need formal confirmation of an individual's authority to sign documents or execute transactions. The letter includes crucial details such as the scope of authority, monetary limits (if any), duration of the authorization, and specific powers granted. It serves as a risk management tool by clearly documenting who has authority to bind the organization in various capacities.
