The Financial Regulator has fined a Roscommon financial provider €5,000 for breaching regulatory requirements on the sale of a bond, writes Ciara O'Brien.

The regulator said it had entered into a settlement agreement with Jim Mannion Co (Insurances) Ltd, Co Roscommon, over its failure to comply with provisions of the Consumer Protection Code and section 30 of the Investment Intermediaries Act 1995.

They did not properly inform a customer about investment risks and guarantee limitations over Friends First ISTC Creative Bond, the regulator said.