Which body shares the power to conduct surveys of consumer financial services with the Central Bank?

Prepare for the Qualified Financial Adviser Regulations Exam 2 with multiple choice questions, flashcards, and expert tips. Enhance your financial advising skills and confidently ace your exam!

Multiple Choice

Which body shares the power to conduct surveys of consumer financial services with the Central Bank?

Explanation:
The capability to conduct surveys of consumer financial services is shared with the Central Bank by the Competition and Consumer Protection Commission. The CCPC is the Irish body responsible for enforcing consumer protection and competition laws, and it has statutory powers to gather information and carry out market and consumer surveys in financial services. This collaboration helps ensure that consumer issues, pricing, disclosures, and conduct in financial markets are understood from both a competition and consumer-protection perspective. The other options don’t fit because they don’t have this statutory role to conduct such surveys in partnership with the Central Bank. The Consumers' Association of Ireland is a private advocacy group, not a regulator with information-gathering powers. ESMA and EIOPA are EU-level authorities with broader, different mandates (securities markets and insurance/pensions, respectively) and do not share the Central Bank’s survey powers in this national context.

The capability to conduct surveys of consumer financial services is shared with the Central Bank by the Competition and Consumer Protection Commission. The CCPC is the Irish body responsible for enforcing consumer protection and competition laws, and it has statutory powers to gather information and carry out market and consumer surveys in financial services. This collaboration helps ensure that consumer issues, pricing, disclosures, and conduct in financial markets are understood from both a competition and consumer-protection perspective.

The other options don’t fit because they don’t have this statutory role to conduct such surveys in partnership with the Central Bank. The Consumers' Association of Ireland is a private advocacy group, not a regulator with information-gathering powers. ESMA and EIOPA are EU-level authorities with broader, different mandates (securities markets and insurance/pensions, respectively) and do not share the Central Bank’s survey powers in this national context.

Subscribe

Get the latest from Passetra

You can unsubscribe at any time. Read our privacy policy