Common Contracts

Settlement Agreement between the Central Bank of Ireland and

Settlement Agreement • July 8th, 2016

• Contract Type
  Settlement Agreement
• Filed
  July 8th, 2016

The Central Bank of Ireland (the “Central Bank”) has issued a fine of €2,750 and a reprimand to Seamus Sutcliffe t/a The Mortgage Centre (the “Firm”) in respect of a failure to hold professional indemnity insurance (“PII”) for a period of time. Insurance intermediaries are required to hold PII under Regulation 17 of the European Communities (Insurance Mediation) Regulations, 2005 (the “IMR”).