R

Reinsurance Intermediary
A person who, for remuneration, undertakes or purports to undertake reinsurance mediation.

Reinsurance Mediation
Any activity involved in proposing or undertaking preparatory work for entering into reinsurance contracts, or of assisting in the administration and performance of reinsurance contracts that have been entered into (including dealing with claims under reinsurance contracts), but does not include such an activity that:
a) is undertaken by a reinsurance 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 a reinsurance contract; or
c) involves the management of claims of a reinsurance undertaking on a professional basis; or
d) involves loss adjusting or expert appraisal of claims for insurance undertakings.

Reinsurance Undertaking
A person who carries on a business in the course of which reinsurance is provided as per SI 380/2006, EC (Reinsurance) Regulations 2006.

Retail Investment Instruments
These are instruments that can be offered by a Multi-Agency Intermediary or Authorised Advisor and are as follows:
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.