Retail Investment Intermediaries
A retail investment intermediary is an investment firm that can provide advice on and/or receive and transmit orders in investment instruments on behalf of consumers. Retail investment intermediaries that receive orders from consumers transmit those orders to other financial services providers (e.g. credit institutions, investment managers) in respect of the retail products sold by those firms. A retail investment intermediary may also act as a deposit agent or deposit broker.
Retail Investment Intermediaries must be authorised under Section 10 of the Investment Intermediaries Act, 1995 (as amended) (‘IIA’).
The Financial Regulator is responsible for the authorisation of retail investment intermediaries under the provisions of the IIA.
Further details of the categories of retail intermediaries are included in the Authorisation Process page and in the 'Introduction' to the application form.