Dáil Éireann Debate, Wednesday - 15 April 2015
145. Deputy Mattie McGrath asked the Minister for Finance further to Parliamentary Question No. 279 of 31 March 2015, if he will provide the documentation requested (details supplied); and if he will make a statement on the matter. [14151/15]
View answerOfficials in my Department have referred the Deputy's question to the Central Bank and have received the following response:
Firms authorised by the Central Bank of Ireland are required at all times to act within the scope of their respective authorisations including any exemptions granted. Any firm found to be acting outside its authorisation schedule will be subject to appropriate regulatory action.
Bank of Ireland Private Banking Limited provides a range of services to its clients in line with its current authorisation schedule, including acting as a deposit/agent broker in accordance with Section 10 of the Investment Intermediaries Act, 1995.
The Central Bank of Ireland is satisfied that Bank of Ireland Private Banking Limited is acting within the scope of its current authorisations and exemptions.
