This section sets out the requirements of the Central Bank where a Broker/Retail Intermediary proposes to seek voluntary revocation/cancellation of any authorisation(s)/registration held by the relevant Broker/Retail Intermediary. Such applications should be submitted to the Central Bank by completing the Application Form attached below and submitting it together with all of the required supporting documentation to the Central Bank at the address provided on the Application Form. Incomplete applications will not be processed and may be returned thereby potentially exposing your firm to increased regulatory levies and/or other levies by reason of the delay in the removal of the firm’s name from the Central Bank’s register of regulated firms. Section 1 of the Application Form is required to be completed by all intermediaries. Sections 2, 3 and/or 4 of the Application Form may need to be completed depending upon the authorisation(s)/registration held by your firm. The authorisation(s)/registration held by your firm can be checked on the Central Bank’s registers.
Brokers/Retail Intermediaries fall to be regulated under one or more of the following pieces of legislation:
- EC (Insurance Mediation) Regulations, 2005 (“the IMR”) – Brokers/Retail Intermediaries that are registered as insurance intermediaries under the IMR are required to complete section 2 of the Application Form below.
- Consumer Credit Act, 1995 (“the CCA”) – Brokers/Retail Intermediaries that are authorised as mortgage intermediaries under the CCA are required to complete section 3 of the Application Form below.
- Investment Intermediaries Act, 1995 (“the IIA”) – Brokers/Retail Intermediaries that are authorised as investment business firms under the IIA (i.e. multi-agency intermediaries/authorised advisors) are required to complete section 4 of the Application Form below.
Please ensure that all sections of the Application Form relevant to the authorisation(s)/registration held by your firm are completed. Any queries in relation to the revocation process should be addressed to firstname.lastname@example.org.
If you have any queries regarding any outstanding regulatory levies due by the firm to the Central Bank, please contact our funding section at email@example.com.
All Brokers/Retail Intermediaries are obliged to comply with the requirements imposed on them under the IMR, the CCA and the IIA and the Consumer Protection Code in relation to their business generally and in relation to the cessation of business. If you are in any doubt about the obligations of the firm in that regard, you may wish to take legal or other professional advice.
Application for Revocation of Authorisation/Registration of Investment,
Insurance/Reinsurance and Mortgage Intermediaries