Public statement relating to Settlement Agreement between the Central Bank of Ireland andComputershare Investor Services (Ireland) Limited

• Date: 17 December 2015

1

Settlement Agreement between the Central Bank of Ireland and

Computershare Investor Services (Ireland) Limited

Central Bank imposes fine of €322,500 on Computershare Investor Services (Ireland) Limited in

respect of Client Asset Requirements breaches

The Central Bank of Ireland (the “Central Bank”) fined Computershare Investor Services (Ireland)

Limited (the “Firm”) €322,500 and reprimanded it for breaches of the Client Asset Requirements

(the “CAR”) imposed pursuant to Regulation 79 European Communities (Markets in Financial

Instruments) Regulations 2007 (S.I. No. 60 of 2007, as amended) (the “MiFID Regulations”).

The breaches related to the principle of certainty of ownership of client assets as set out in the

CAR and access to client assets in the event of the insolvency of the Firm.

The Firm failed to:

1. arrange for the appropriate registration of certain client financial instruments in the name

of its client or an eligible nominee in contravention of Requirement 6.4.1 of the CAR; and

2. have in place, prior to opening an account, required acknowledgements regarding the

manner in which client financial instruments were held in contravention of Requirement

6.5.1 of the CAR.

These findings have been accepted by the Firm as part of the settlement agreement between the

Central Bank and the Firm entered into on 15 December 2015.

Derville Rowland, the Central Bank’s Director of Enforcement said:

“For 21 months, between 2011 and 2013, the Firm breached key provisions of the CAR regarding

certainty of ownership of client assets relating to a specific service which it provided. The Firm did not

arrange for the registration of the registrable client financial instruments in the name of the client or

in the name of an eligible nominee; or obtain the required acknowledgement letters regarding those