On 22 February, the Central Bank published an application form that investment, (re)insurance and mortgage intermediaries (Intermediaries) can use to apply for revocation of their authorisation/registration. Under the Consumer Protection Code, an Intermediary is required to notify the Central Bank immediately if they intend to cease operating, merge or transfer its regulated activities to another regulated entity and must also provide at least two months’ notice to affected customers. The Central Bank warns in the form that failure to complete the voluntary revocation process may result in the Central Bank commencing an involuntary revocation procedure against the Intermediary and regulatory action being brought against the Intermediary and those running it.

A link to the form is here.