Dublin-based financial services provider Pat Treacy has been fined €15,000 by the Financial Regulator.

The fines were due to breaches of regulatory requirements relating to provisions of the Consumer Protection Code and the Handbook for Authorised Advisers. These regulations cover the sale of general insurance to customers.

The firm, which is based in Crumlin, was also found to have overcharged customers fees which were in excess to those set out in its terms of business.

The Financial Regulator said that while it did not believe the actions of the firm were deliberate, the breaches highlighted a failure within the company’s systems of control.

The regulator said the matter was now closed.