A Central Bank inspection into the sale of tracker bonds has found that investment firms are largely compliant with relevant consumer protection legislation. The Central Bank conducted an inspection of eight firms and reviewed the records of about 300 consumers and its findings were largely positive. The firms were found to have provided consumers with key information on tracker bonds, in the form of a key features document, before they signed an application form.

The inspected firms were also found to have complied with the requirement to provide clients with a document setting out specific information on their investment within two days of the start date of the tracker bond. However, it found that this document was not always issued within the two business days required by the Consumer Protection Code.