Public statement relating to Settlement Agreement between the Financial Regulator and Mr Don Harte t/a DGH & Associates

Date07 December 2007
PO BOX 9138 T +353 1 410 4000
College Green F +353 1 410 4900
Dublin 2
Settlement Agreement
between the Financial Regulator and Mr Don Harte t/a DGH &
Associates
The Financial Regulator has entered into a Settlement Agreement with effect from
29 November 2007 with Mr Don Harte t/a DGH & Associates in relation to
suspected breaches of regulatory requirements.
The Financial Regulator has reasonable cause to suspect that breaches of
regulatory requirements occurred when Mr Harte t/a DGH & Associates was a
regulated financial service provider.
These suspected breaches relate, inter alia, to failure to ensure that it had and
employed effectively resources and procedures necessary for the proper
performance of its business activities, to seek sufficient information from clients
in relation to their financial situation and objectives, and to submit accounts to
the Financial Regulator on an annual basis.
The Financial Regulator reprimanded Don Harte t/a DGH & Associates in relation
to the suspected breaches.
DGH & Associates has sought revocation of its authorisation as a life assurance
intermediary.
The Financial Regulator confirms that DGH & Associates fully co-operated with the
examination and the matter is now closed. The Financial Regulator confirms that
no client has made a complaint to it in relation to the suspected breaches.

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