Revocations

About Revocations

The legislation under which the Central Bank is designated as the competent authority with responsibility for the supervision of various financial industry sectors permits the Central Bank to compulsorily revoke a regulated financial service provider’s authorisation, where certain grounds set out within the applicable legislation are met.

Previously the Central Bank published these notices of revocation under certain sectoral legislation in national and regional media, but notices will now also be published on its website.

Revocation of a firm’s authorisation – other than where a firm applies to the Central Bank for revocation on a voluntary basis – is amongst the most serious actions that the Central Bank can take in the context of its toolkit of supervisory and enforcement powers.

Compulsory revocation is pursued only where other interventions have not achieved compliance and it results in the compulsory discontinuation of a firm’s business.

Details of Revocations are outlined below.

Revocation Notices

Revocation of Authorisation of a Bureau de Change Firm: Euroxchanger Currency Services (Ire) Limited [19 May 2021]

Notice is hereby given that the Central Bank of Ireland has, under Sections 36A (1)(b) and 36A(1)(i) of the Central Bank Act 1997, revoked, on an involuntary basis, the authorisation of Euroxchanger Currency Services (Ire) Limited (the “Firm”) as a Bureau de Change firm under Part V of the Central Bank Act 1997.

Accordingly, the Firm is no longer entitled to conduct bureau de change services activities in the State and is hereby removed from the Bureau de Change Register.

Cancellation of Registration of Insurance Intermediary: Bryan Dobson [25 October 2019]

Notice is hereby given that the Central Bank of Ireland has, under Regulation 11(1) of the EC (Insurance Mediation) Regulations 2005 (S.I. No. 13 of 2005), and by reference to Regulation 61 of the European Union (Insurance Distribution) Regulations 2018 (S.I. No. 229 of 2018) cancelled the registration of Bryan Dobson (the "Firm") as an insurance intermediary.

Accordingly, the Firm is no longer entitled to conduct insurance distribution activities in the State and has been removed from the Insurance Distribution Register.

Cancellation of Registration of Insurance Intermediary: Patrick Strapp [29 March 2019]

Notice is hereby given that the Central Bank of Ireland has, under Regulation 11(1) and 11(2) (d) of the EC (Insurance Mediation) Regulations 2005 (S.I. No. 13 of 2005), and by reference to Regulation 61 of the European Union (Insurance Distribution) Regulations 2018 (S.I. No. 229 of 2018) cancelled the registration of Patrick Strapp (the "Firm") as an insurance intermediary.

Accordingly, the Firm is no longer entitled to conduct insurance distribution activities in the State and is hereby removed from the Insurance Distribution Register.

Revocation of Authorisation of Investment Business Firm: Nancy Meers t/a JJ Meers [31 July 2019]

Notice is hereby given that the Central Bank of Ireland has, under Section 16 (2) (d) of the Investment Intermediaries Act 1995, revoked the authorisation of Nancy Meers, t/a JJ Meers (the "Firm), as an investment business firm.

Accordingly, the Firm is no longer entitled to conduct investment business activities in the State and is hereby removed from the Investment Intermediaries Register.

Cancellation of Registration of Insurance Intermediary: Nancy Meers t/a JJ Meers [31 July 2019]

Notice is hereby given that the Central Bank of Ireland has, under Regulation 11(1) and 11(2) (d) of the EC (Insurance Mediation) Regulations 2005 (S.I. No. 13 of 2005), and by reference to Regulation 61 of the European Union (Insurance Distribution) Regulations 2018 (S.I. No. 229 of 2018) cancelled the registration of Nancy Meers, t/a JJ Meers (the "Firm"), as an insurance intermediary.

Accordingly, the Firm is no longer entitled to conduct insurance distribution activities in the State and is hereby removed from the Insurance Distribution Register.