The Financial Regulator has entered into a Settlement Agreement with Mr Michael McGarrigle, a mortgage intermediary for suspected breaches of requirements under the Consumer Protection Code.

These suspected breaches included failure to draw up terms of business, failure to record sufficient information before providing a service to certain customers and failure to maintain up to date consumer records.

Mr McGarrigle has been reprimanded by the Regulator who has confirmed that no customer complaint was made to it in relation to the suspected breaches.