Mattie McGrath
Question:279. Deputy Mattie McGrath asked the Minister for Finance if he will investigate matters raised in correspondence regarding a company (details supplied); and if he will make a statement on the matter. [13249/15]
View answerDáil Éireann Debate, Tuesday - 31 March 2015
279. Deputy Mattie McGrath asked the Minister for Finance if he will investigate matters raised in correspondence regarding a company (details supplied); and if he will make a statement on the matter. [13249/15]
View answerI can confirm for the Deputy that I have raised the matter with the Central Bank of Ireland and have received the following response in this regard:
The company in question was authorised under the Investment Intermediaries Act, 1995 on 26 May 2000. Its authorisation transferred on 1 November 2007 to the European Communities (Markets in Financial Instruments) Regulations 2007. The company is also authorised as a mortgage intermediary acting on behalf of its Parent entity, under the Consumer Credit Act, 1995 (as amended). Upon authorisation, the company concerned was granted an exemption under Part II, Section 8 of the Central Bank Act, 1971 to use the words bank and banking in its name.