Unregulated Activities

We do advise on Unregulated Products from time to time however please be aware of the following in relation to this type of product:

Our Warning

Please note that the provision of An Unregulated Product or service does not require licensing, authorisation, or registration with the Central Bank and, as a result, it is not covered by the Central Bank requirements designed to protect consumers or by a statutory scheme.

As an Investor who proceeds with an Unregulated Product, the following protections are lost:

Investor Compensation Company DAC (ICCL)

Unregulated activity is not covered under the ICCL. If an unregulated company goes out of business and cannot return your investments or money, the ICCL will not compensate you.

Financial Services and Pensions Ombudsman (FSPO)

The FSPO, in accordance with the Financial Services and Pensions Ombudsman Act 2017, can examine a complaint which arises in connection with the provision or refusal to provide financial services (including information and advice provision) where the provider is a regulated financial service provider. Each complaint is assessed on its own merits and in relation to its specific and particular circumstances and evidence provided. Therefore, advice of unregulated activity may fall under the remit of the FSPO.

Professional Indemnity Insurance (PII)

Our professional indemnity policy for regulated activities will not cover our firm for advising on unregulated activities.

We consider the adverse impacts of Investment Decisions on sustainability factors in our Investment Advice and our Insurance Based Investment Advice, both at the initial stages of our research, in our recommendation and annually as part of the investment services we provide to our clients.

As assessment of Sustainability risks are integrated into our investment advice and our Insurance Based Investment Advice through the following means:

  • The Product Information provided to us by the Product Producers and the Insurers on the integration of sustainability risks
  • Our professional interrogation of the information by the Products Providers and Insurers
  • Our in-house Investment Research as we keep our Investment Knowledge current and relevant

This firm will review this approach on an annual basis

Remuneration Policy

When assessing products, we will consider the different approach taken by product providers in terms of them integrating sustainability risks into their product offering.  This will form part of our analysis for choosing a product provider.

We are usually renumerated by commission from the Product Producers and Insurers with whom we facilitate Investment and Insurance Based Investment transactions on your behalf.

This commission payment will not influence our decision to recommend a particular product. We consider how the Product Providers and Insurers have integrated sustainability risks into their investment product offerings prior to making our recommendations to our clients