Yes. Independent advice by regulated, recognised and authorised services will ensure that consumers continue to avail of protections and impartial assistance, if required with credit agreements. It...
3.10 Article 16(6) of CCD2
Closed19 Sep, 2024, 12:00 - 18 Oct, 2024, 17:00
Article 16(6) provides that only creditors and, where applicable, credit intermediaries shall provide advisory services to consumers. By way of derogation from the requirement, Member States may allow other persons to provide advisory services on condition that they are provided under a regulated professional framework; provided by regulated insolvency practitioners; provided by non-commercial public or voluntary debt advisory services or provided by persons authorised and supervised by the competent authority.
Question 10 – Should Ireland continue to allow persons to provide advisory services on condition that they are provided under a regulated professional framework; provided by regulated insolvency practitioners; provided by non-commercial public or voluntary debt advisory services or provided by persons authorised and supervised by the competent authority?
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Observations
Observations
Yes. There should be no change to the existing framework. The relevant framework that currently exists in Ireland provides an important, independent service to consumers and any withdrawal of these...
No only those who are employed by an entity regulated by the Central Bank under the CMCAR or the CCA should be allowed to provide advisory services to consumers in relation to credit agreements....