Clare Daly (Dublin North, United Left)
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223. To ask the Minister for Finance the reason a company (details supplied) was provided with a ten year licence, by the Irish Financial Regulator despite the regulator having had in its possession, evidence of malpractice, a decision which it had to subsequently revoke. [46282/14]

Michael Noonan (Limerick City, Fine Gael)
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On the basis of information I have received from the Central Bank of Ireland, I can confirm that the firm to which the Deputy refers was once authorised as a mortgage intermediary but had its authorisation revoked pursuant to Section 116 (11) of the Consumer Credit Act 1995 (as amended) and appears in the Register of Revoked Mortgage Intermediaries maintained pursuant to Section 151A of the Consumer Credit Act 1995 (as amended). The revocation date was 18 June 2009.

Due to the confidentiality requirements imposed by domestic and EU legislation which provides for confidentiality of information and limits disclosure to circumstances specifically provided for in the Central Bank Act 1942, the Central Bank cannot comment on its engagement with specific entities.