On 25 November 2013, the Central Bank announced that it had entered into settlement agreements with six insurance intermediaries that had failed to comply with obligations to hold professional indemnity insurance (PII).This followed a review carried out by the Central Bank of intermediaries' annual online returns. Notably, the Central Bank confirmed that such failures would result in the Central Bank 'robustly applying its supervisory and enforcement tools to eradicate the behaviour' and that PII is a key enforcement issue on its agenda.