Public statement relating to Settlement Agreement between the Financial Regulator and Mr John Gurhy

Date08 April 2009
PO BOX 9138 T +353 1 410 4000
CollegeF +353 1 410 4900 Green
Dublin 2
Settlement Agreement
between the Financial Regulator and Mr John Gurhy
The Financial Regulator has entered into a Settlement Agreement with effect from
8 April 2009 with Mr John Gurhy t/a Gurhy Properties & Financial Services, The
Debt Doctor, an authorised mortgage intermediary in relation to breaches of
regulatory requirements.
The Financial Regulator has reasonable cause to suspect that breaches of
regulatory requirements occurred in relation to the failure of Mr John Gurhy t/a
Gurhy Properties & Financial Services, The Debt Doctor to comply with certain
provisions of the Consumer Protection Code and the Consumer Credit Act, 1995,
as amended.
The Financial Regulator suspects that Mr John Gurhy t/a Gurhy Properties &
Financial Services, The Debt Doctor facilitated unauthorised business, by allowing
unauthorised persons to transact mortgage intermediation business through his
firm.
These suspected breaches also relate, among other things to, a failure to act
honestly, fairly and professionally in the best interests of his customers and the
integrity of the market, a failure to gather and record sufficient information from
certain customers, a failure to issue statements of suitability to certain
customers, a failure to provide certain customers with a statement outlining
details of the fee payable, a failure to submit to a mortgage lender a signed
declaration stating that the firm had sight of all original supporting
documentation,a failure to provide certain customers with a terms of business
anda failure to maintain up to date consumer records.

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