No. The Central Bank of Ireland (CBI) already has significant governing codes and safeguards in place regarding the provision of independent advice, as applicable to those firms that are regulated by the CBI.
If the use of the terms “independent advice” and “independent advisor” or other similar terms are prohibited where these services are provided by the credit provider or credit intermediary, potential unintended consequences may arise e.g., giving rise to consumers having to incur a cost to avail of sound guidance or advice.