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

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

Answer: (B)

This question focuses on which body handles consumer protection in financial services, specifically prohibiting unfair, misleading, or aggressive practices. In Ireland, the Central Bank regulates and supervises financial service providers, but enforcement of consumer protection in this area is shared with the Competition and Consumer Protection Commission. The CCPC has a mandate to enforce consumer protection and competition laws across all sectors, including financial services, making it the appropriate partner to address unfair marketing, misrepresentation, and aggressive selling tactics. The other bodies operate in different domains: the Director of Corporate Enforcement enforces corporate law, while EIOPA and ESMA are European-level regulators for insurance/pensions and securities/markets, respectively, not the national consumer-protection counterpart in this context.