On 27 August 2013, Insurance Ireland issued a press release declaring its support for the decision of the Minister for Finance to give the FSO power to name financial service providers against whom three customer complaints have been upheld (or partly upheld) during the preceding financial year. Earlier that day, the Minister had exercised his power to provide for this by ordering the commencement of section 72 of the recently enacted Central Bank (Supervision and Enforcement) Act 2013. The section comes into effect on 1 September 2013.
Register now for your free, tailored, daily legal newsfeed service.
Questions? Please contact email@example.comRegister
Insurance Ireland supports power of FSO to name financial service providers
If you would like to learn how Lexology can drive your content marketing strategy forward, please email firstname.lastname@example.org.
Related topic hubs
"As a busy in-house practitioner, I rarely have the time to attend formal seminars and conferences. Consequently, I find the news releases put out by the various law firms invaluable in keeping me up to date on developments in the law and recent case law. The service that Lexology provides, through consolidating those various news releases and grouping them under the relevant categories, is a timesaver for me and allows me to do a quick daily scan of recent developments."