Statement of Authorised Status
Liam McNamara & Associates Limited t/a MCN Associates (‘the firm’) {Ref.
No. CS0430) is authorised as an investment business firm under Section 10 of the
Investment Intermediaries Act, 1995 (as amended), to provide the services of an
investment intermediary.
Liam McNamara & Associates Limited t/a MCN Associates is authorised to receive and
transmit orders to product producers from whom a written letter of appointment is
held, in relation to:
- Shares in a company or bonds that are listed on a stock exchange, prize
bonds - Relevant collective investment scheme instruments
- Tracker bonds
- Insurance policies
- Personal Retirement Savings Accounts (within the meaning of the Pensions Act, 1990) (‘PRSAs’)
The firm is also authorised to act as a deposit broker and to give advice in relation to
deposits.
When receiving and transmitting orders in relation to insurance policies and/or PRSAs,
the firm may only accept cash or cheques/bank drafts from clients payable to itself
where:
(i) an insurance undertaking has invited renewal of a policy of insurance, or
(ii) a proposal for insurance and/or PRSAs has been accepted by an insurance
undertaking.
In all other circumstances cheques/bank drafts or other payment instruments must be
made payable to the product producer.
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