Regulator fines firm €27,000

THE Financial Regulator has fined Culleton Insurances Limited of Selskar Court, Wexford Town, Co Wexford €27,000 in relation to suspected breaches of regulatory requirements.

The breaches are suspected to have occurred in relation to a failure by the firm to comply with certain provisions of the Consumer Protection Code, the Handbook for Restricted Activity Investment Product Intermediaries and the Handbook for Authorised Advisers.

The Financial Regulator does not believe the actions of the firm were deliberate and confirms that no customer has made a complaint directly to it in relation to the suspected breaches.