The Central Bank shares its function to prohibit unfair, misleading or aggressive commercial practices by financial services providers with the:

• A. Competition and Consumer Protection Commission.
• B. Director of Corporate Enforcement.
• C. European Insurance and Occupational Pensions Authority.
• D. European Securities and Markets Authority.

Answer: (A)

In Ireland, consumer protection against unfair, misleading or aggressive practices in financial services is shared with the Competition and Consumer Protection Commission. The CCPC is the national authority responsible for enforcing competition laws and general consumer protection, including prohibiting unfair or misleading marketing and sales tactics by financial service providers. The Central Bank handles regulatory and supervisory duties for financial institutions, but it relies on the CCPC to address consumer protection issues in relation to how financial products are marketed and sold. The other options operate in different realms: the Director of Corporate Enforcement deals with corporate and director conduct, not consumer protection in financial services; the European Insurance and Occupational Pensions Authority focuses on EU-wide insurance and pensions regulation; and the European Securities and Markets Authority focuses on EU-wide securities and markets regulation.