Public statement relating to Settlement Agreement between the Central Bank of Ireland and MacDonagh Boland Crotty MacRedmond Limited trading as Aon MacDonagh Boland

• Date: 22 January 2013

1

Settlement Agreement between the Central Bank of Ireland and MacDonagh

Boland Crotty MacRedmond Limited t/a Aon MacDonagh Boland

The Central Bank of Ireland (the “Central Bank”) has entered into a Settlement Agreement

with effect from 22 January 2013 with MacDonagh Boland Crotty MacRedmond Limited t/a

Aon MacDonagh Boland (the “Firm”), a regulated financial services provider, in relation to

breaches of the Handbook for Authorised Advisors (the “Handbook”) and the Consumer

Protection Code (2006) (the “Code”).

Reprimand and fine

The Central Bank reprimanded the Firm and required it to pay a monetary penalty of

€65,000.

Breaches

Three breaches were identified which occurred between the period from August 2004 to

December 2011 and relate, in the main, to a failure to comply with the premium rebate and

overpayment handling and systems and control requirements of the Handbook and the

Code.

The breaches identified are:

1. During the period 2 September 2004 to 6 September 2011, the Firm failed to

transfer premium rebates, amounting to €25,392.63, to clients within the