Dáil Éireann Debate, Thursday - 1 December 2016
148. Deputy Michael McGrath asked the Minister for Finance the number of investment firms found to be unauthorised by the Central Bank in 2015 and 2016; the total value of assets involved; the penalties imposed; his views on whether the existing regulatory framework is sufficient for identifying unauthorised investment firms; and if he will make a statement on the matter. [38182/16]
View answerI am informed by the Central Bank that in cases where a firm is found to be operating an unauthorised investment firm, a warning notice is issued by the Bank pursuant to Section 53 of the Central Bank (Supervision and Enforcement) Act 2013.
Twenty-five such notices were published in total during 2015 and 2016. The full listing of warning notices published by the Central Bank is available from the Central Bank's website.
