I

IIA
Investment Intermediaries Act, 1995 (as amended)

Insurance Intermediary
A person who, for remuneration, undertakes or purports to undertake insurance mediation.

Insurance Mediation
Means any activity involved in proposing or undertaking preparatory work for entering into insurance contracts, or of assisting in the administration and performance of insurance contracts that have been entered into (including dealing with claims under insurance contracts), but does not include such an activity that:
a) is undertaken by an insurance undertaking or an employee of such an undertaking in the employee’s capacity as such; or
b) involves the provision of information on an incidental basis in conjunction with some other professional activity, so long as the purpose of the activity is not to assist a person to enter into or perform an insurance contract; or
c) involves the management of claims of an insurance undertaking on a professional basis; or
d) involves loss adjusting or expert appraisal of claims for insurance undertakings.

Insurance Mediation Register
A Register of insurance and/or reinsurance intermediaries which have been registered with the Financial Regulator, maintained pursuant to Section 25 (1) of the European Communities (Insurance Mediation) Regulations.

Investment Business Firm (IIA)
Means any person, an Investment Firm (MiFID), who provides one or more investment business services or investment advice to third parties on a professional basis and for this purpose where an individual provides an investment business service and where that service is carried on solely for the account of and under the full and unconditional responsibility of an investment business firm or an insurance undertaking or a credit institution that activity shall be regarded as the activity of the investment business firm, insurance undertaking or credit institution itself.

Investment Firm (MiFID)
Means, subject to paragraph 2 European Communities (Markets in Financial Instruments) Regulations 2007 any person, other than a tied agent which person’s regular occupation or business is the provision of one or more investments services to third parties on a professional basis, or the activity of dealing on own account on a professional basis, but does not include a natural person unless:
a) his or her legal status ensures a level of protection for third parties’ interests equivalent to that afforded by legal persons;
b) he or she is subject to equivalent prudential supervision appropriate to his or her legal status; and
c) if paragraph 3 of the European Communities (Markets in Financial Instruments) Regulations 2007 is applicable, he or she ensures that the conditions set out in that paragraph are fulfilled.

Investment Limited Partnership
A partnership which holds a certificate of authorisation issued in accordance with the Investment Limited Partnerships Act, 1994.

Investment Product Intermediary
Means an investment business firm or a solicitor holding a practising certificate (within the meaning of the Solicitors Acts, 1954 to 1994) who does all or any of the following:
a) acts as a deposit agent or as a deposit broker;
b) provides a service for the reception and transmission of orders to a product producer in units or shares in undertakings for collective investments in transferable securities within the meaning of the Regulations of 1989:
i. units in a unit trust;
ii. other collective investment scheme instruments;
iii. shares in a company which are listed on a stock exchange;
iv. bonds listed on a stock exchange or prize bonds;
v. tracker bonds; and
vi. Personal Retirement Savings Accounts within the meaning of Part X of the Pensions Act, 1990.