Indefinite Prohibition issued to Nicholas (Nick) Buckley in respect of all controlled functions, effective from 25 February 2026

The Prohibition Notice (PDF) (PDF 4.09MB) issued after Mr Buckley signed a Statement of Undisputed Facts, in which he accepted that between 1 February 2021 and 12 December 2023, while he was employed at two different retail intermediaries, he issued invoices to clients directing payment to his personal bank account in place of his employers’ bank details.  Mr Buckley also accepted that he misrepresented his financial qualifications to clients during the course of his employment.

The Prohibition Notice issued to Mr Buckley prohibits him from carrying out any controlled functions for an indefinite period.

Karen O’ Leary, Director of Enforcement said:

“Controlled function holders must comply with the Fitness & Probity Standards and financial services legislation. Those in customer-facing roles bear a particular responsibility to act with integrity and honesty at all times, and a failure to do so risks eroding public trust and confidence in financial services. Where warranted, the Central Bank will investigate and seek to prohibit an individual from performing controlled functions in order to protect consumers from potential harm.” 

Additional Information

1. The Fitness and Probity Regime was introduced by the Central Bank under the Central Bank Reform Act 2010 to ensure that regulated firms and individuals who work in these firms are committed to high standards of competence, integrity and honesty and are held to account when they fall below these standards. View further detail on the Fitness and Probity Regime, including the Fitness and Probity Standards (PDF 330.71KB).
2. The Central Bank may investigate individuals in controlled functions, including pre-approval controlled functions, if we suspect that they do not have the required fitness and / or probity to perform the role, and we may prohibit them following such investigation, if appropriate.