Terms of Business

Elliot Lloyd International Limited is regulated by the Central Bank of Ireland Reference No. C147059 for the following activities, ELI takes ultimate responsibility for transactions that fall under the remit of their license:

Insurance / Reinsurance Intermediary Registered as an insurance/reinsurance intermediary under the European Union (Insurance Distribution) Regulations 2018.

Investment Business Firm Authorised as an Investment Business Firm under Section 10 of the Investment Intermediaries Act, 1995 (as amended).

Investment Product Intermediary Service Providers holding appointments from IIA product producers, including intermediaries that may issue appointments, appearing in the register maintained under Section 31 of the Investment Intermediaries Act, 1995 (as amended).



These Terms of Business set out the general terms under which Elliot Lloyd International Limited will provide business services to you and the respective duties and responsibilities of both the firm and you in relation to such services. Please ensure that you read these terms thoroughly and if you have any queries we will be happy to clarify them. If any material changes are made to these terms we will notify you. These Terms of Business are effective from the date of signing.

Authorization with the Central Bank of Ireland

Elliot Lloyd International Limited is regulated by the Central Bank of Ireland as an Investment Intermediary authorized under the Investment Intermediaries Act, 1995 and as an insurance intermediary registered under the European Union (Insurance Distribution) Regulations 2018; Copies of Elliot Lloyd International’s authorization are available on request. The Central Bank of Ireland holds registers of regulated firms. You may contact the Central Bank of Ireland on 1890 777 777 or alternatively visit their website at www.centralbank.ie to verify Elliot Lloyd Internationals credentials.


Codes of Conduct

Elliot Lloyd International is subject to the Consumer Protection Code, Minimum Competency Code and Fitness & Probity Standards which offer protection to consumers. These Codes can be found on the Central Bank’s website www.centralbank.ie


Elliot Lloyd International Services

Elliot Lloyd International’s principal business is to provide advice and arrange transactions on behalf of clients in relation to life assurance, investments, pensions and PRSA’s.


Elliot Lloyd International Limited may act on an Independent basis or non-independent basis which means that on an:

Independent basis:

The principal regulated activities of the firm are provided on the basis of a fair analysis of the market. The concept of fair analysis is derived from the Insurance Distribution Regulations 2018. It describes the extent of the choice of products and providers offered by an intermediary within a particular category of life assurance, general insurance, mortgages, and/ or a specialist area. The number of contracts and providers considered must be sufficiently large to enable an intermediary to recommend a product that would be adequate to meet a client’s needs.

Non-Independent Advice;

However, the Client acknowledges that if Elliot Lloyd International provides you with financial advice, this shall be deemed as on a Non- Independent basis, unless specified otherwise in your suitability report.


When Elliot Lloyd International provides its Clients with the Service of Advice, such advice is expected to be non- independent since they will not always assess a diverse range of Financial Instruments that are available across the market and it may include other entities with whom Elliot Lloyd International has close links.

Life, Pensions and Investments


Elliot Lloyd International will provide assistance for any queries which you may in relation to your policies or in the event of a claim during the life of the policies. Elliot Lloyd International will explain the various restrictions, conditions and exclusions attached to the client’s policy. However, it is your responsibility to read the policy documents, literature and brochures to ensure that you understand the nature of the policy cover; particularly in relation to Permanent Health Insurance (PHI) and serious illness policies.


Disclosure of Information

The Client is responsible for the accuracy and completeness of all information provided to Elliot Lloyd International and for any losses or damages caused by the failure to provide such information. Elliot Lloyd International shall not be responsible for any losses or damages that occur as a result of Client’s failure to provide accurate and complete information. Any failure to disclose material information may invalidate your claim and render your policy void, the Client is encouraged to provide as much information as possible.


How we are remunerated

Elliot Lloyd International is remunerated in some instances by the product providers on the completion of business. You may choose to be invoiced in full for Elliot Lloyd International’s services. Where we receive recurring fees for managing client accounts, they will form part of the remuneration for initial advice provided. Fees are only chargeable upon the client’s signed agreement. In certain circumstances, it will be necessary to charge a fee for services provided. These are listed below.



If you deal with us on a fee basis the following hourly rates apply; Adviser €250 per hour, Administrator €100 per hour.

Additional fees may be payable for complex cases or to reflect value, specialist skills or urgency. These fees will range from €100 per hour to €250 per hour. We will notify you in advance and agree the scale of fees to be charged.


Life assurance, permanent health insurance /income protection and specified illness cover do not come into force until the insurer issues terms and these terms are accepted by the client.


Investment Risk


Almost all investments carry some degree of risk. Any product which is directly or indirectly invested in assets which may fall in value (for example equities) may itself fall in value along with any decrease in value of those assets. Before entering into any agreement, you must ensure that you understand any risk associated with the product and associated investments, and are content to accept that level of risk. It is important that you read and understand all key information documents, brochures, literature that you are provided. By signing this agreement you are confirming that you are acknowledging the importance of these documents and will ensure that that they are received, read and understood prior to making any informed decisions.


Risks Factors


There is a high level of risk involved with investing in structured products, UCITS, Non-UCITS and other complex financial instruments. Past Performance is not a guarantee or reliable indicator of future results. You must be aware of the risks associated with trading directly or indirectly on margin. Please ensure that you fully understand the risks involved and do not invest with money you cannot afford to lose. Please seek independent advice if the risks involved seem unclear to you.


By signing this Agreement, the client acknowledges and accepts that, the value of an investment can go down as well as up, that the client may get back less than invested.

The client confirms that he has read and understood and therefore accepts the following:


  1. Information on past performance of a Financial Instruments cannot guarantee the present or future performance. The use of historic data cannot forecast the future return of the Financial Instrument.

  2. Some Financial Instruments may not be liquid and therefore they not be sold, or obtain easily information on the value of such Financial Instruments or the extent of the related or inherent risk concerning such Financial Instruments

  3. Exchange rate fluctuations may also influence the prospect of profit or loss from transactions in foreign markets.

The nature and degree of risks vary from country to country and are dependent on instrument concerned. The degree of risk may depend, inter alia, from the following factors; 


  1. The type of investment

  2. The issuers risk of insolvency

  3. The complexity of the intended instrument / transaction

  4. The risk of political instability in the country of the relevant market or in the country of the issuer


The above is not an exhaustive list

You should be aware that in transacting in the financial instruments, you could be faced with substantial risks which you must consider and evaluate prior to deciding to trade in financial instruments. 

You should be particularly aware of the risks involved in trading in the financial instruments of issuers located in Emerging Markets and of the risks involved in trading in Complex Financial Instruments such as derivatives which may lead to losses which are substantially more than the initial capital invested

By agreeing to this Agreement, the Client confirms that they have read and understood the Company’s Risk

Warnings on the company website.

Regular Reviews

It is in your best interest that you review, on a regular basis, the products which we have arranged for you. As your circumstances change, your needs will change. You must advise us of those changes and request a review of the relevant policy so that we can ensure that you are provided with up to date advice and products best suited to your needs. Failure to contact us in relation to changes in your circumstances or failure to request a review, may result in you having insufficient insurance cover and/or inappropriate investments.


Conflicts of Interest

It is the policy of Elliot Lloyd International to avoid conflicts of interest in providing services to you. However, where an unavoidable conflict of interest arises we will advise you of this in writing before providing you with any service.


Close Links

Close Links means a situation in which two or more natural or legal persons are linked by, participation which means the ownership, direct or by way of control, of at least 20% of the voting rights or capital of an undertaking.

The Company hereby notifies you of the following Close Links; I.W.G. International Wealth Group Ltd, regulated by the Cyprus Securities and Exchange Commission, license No.380/19.


Default on Payments by Clients

Elliot Lloyd International will exercise its legal rights to receive payments due to it from clients (fees) for services provided. Product producers may withdraw benefits or cover in the event of default on payments due under policies of insurance or other products arranged for you. We would refer you to policy documents or product terms for the details of such provisions.


The Company will be communicating in the English language. Where translated copies have been made available to you, you should be aware that in all cases of conflict, the English version shall prevail. 

We will communicate with you in English. Where you wish to communicate in a different language, communications may be translated. Where you wish to communicate with us in a language other than English, you agree that, in the event of a dispute, the English versions of the relevant documents shall prevail.   



Whilst we are able to receive verbal complaints, it would be preferable that any complaints are made, in writing. We will acknowledge your complaint within 5 business days and we will fully investigate it. We shall investigate the complaint as swiftly as possible, and, the complainant will receive an update on the complaint at intervals of not greater than 20 business days starting from the date on which the complaint is made. On completion of Elliot Lloyd International’s investigation, we will provide you with a written report of the outcome. In the event that you are still dissatisfied with Elliot Lloyd International handling of or response to your complaint, you are entitled to refer the matter to the Financial Services and Pension Ombudsman (FSPO). A full copy of Elliot Lloyd International complaints procedure is available on request.


Money laundering. We are required by Law to verify the identity of all our clients and obtain certain information. Business cannot be transacted until verification/information is complete. If the required verification is not forthcoming within a reasonable period, we will not arrange any policies for you. All policies will be registered in your name unless otherwise agreed in writing, and in such instances additional verification may be required.


Client records. We maintain records of all business transactions meeting with our regulatory obligations, this will be for a period of at least five years after the termination or expiry of your policy and could be extended if required to do so by the regulatory or any official body. You have the right to inspect copies of any printed or computer records relating to your transactions. We do, however, reserve the right not to provide you with copies of records if we believe that information relating to any other parties would be disclosed as a result.

Classification of Clients

The Company is obligated to categorise each client. This is established from all relevant information that you provide to the Company, from this information the Company will categorise you as with a Retail Client, Professional Client or Eligible Counter Party (ECP). Depending on the classification the client enjoys different levels of protection and information disclosed. A Retail Client enjoys the highest-level protection under the legislation. You will automatically be classified as a Retail client providing you with the highest level of protection.

Data Protection



The Company will use, store or otherwise process personal information provided in connection with the provisions of the services that the company will offer you.


The Company will provide the Client, upon written request with a copy of the personal data stored (if any).


Telephone conversation between the Client and the Company may be recorded. All instructions or requests received by telephone will be binding as if received in writing. Any recordings shall be and remain the sole property of the Company and will be accepted by the Client as conclusive evidence of the instructions/requests or conversation so recorded. The Client agrees that the Company may deliver copies of transcripts of such recording to any court, regulator or government authority. 


By entering into this Agreement, the client expressly consents to the use and transmission of the Clients information to any third parties as may be required for the effectiveness of the Services offered by the Company, or in relation to the transactions that the Client undertakes. Where ELI has recommended the services of another regulated firm, your personal data may be shared with each party.  The Company comply in accordance with the Provisions of the Processing of Personal Data (protection of the Individual) Law of 2001 and the General Data Protection Regulation (GDPR) (EU) 2016/679.


By signing this agreement, you are confirming that you have read and fully understood our Privacy Policy which is available on our website. ELI has a legal obligation to collect all such data for the purpose of arranging transactions on your behalf. The data will be processed only in ways compatible with the purposes for which it was given. The data which you provide to us will be held on a computer database and paper files. This information may be passed to a third party strictly for administration and compliance purposes only, ELI can confirm that they will transfer your data with entities who are GDPR compliant or equivalent.


We would also like to keep you informed of pension, insurance, investment and any other services provided by us or associated companies with which we have a formal business arrangement; which we think may be of interest to you. We would like to contact you by way of letter, email or telephone call. If you do not wish to receive such marketing information, please tick the box on Elliot Lloyd International Financial Review document.




The Company shall provide the client with the information about investment possibilities suitable to his investment profile and their investment objectives in order to enable him, based on the information and instructions that the company gave, to make an informed decision.


In the course of providing the Client with Advice, the Company obtains necessary information regarding the Clients’ knowledge and experience, this should be relevant to the specific investment field relevant to the specific type of Financial Instrument or service. The client’s situation and investment objections will also be taken into account so as to be able to recommend the investment services and financial instruments that are suitable to your situation.


The Client is obligated to inform the Company should there be any change in his personal information provided or particulars stated on each occasion as a minimum that Advice is sought.


The Advice shall be provided to the Client in writing.

The Company shall disclose to the Client in an express and clear manner;


Where the Company itself or any associates have any interest in respect of the Financial Instruments or their issuer.


The company may also act on an administration basis, assisting the client by providing information, relevant documents in areas of interest.


However, the final decision for effecting Investment in Financial Instruments lies with the Client and he shall be solely responsible for the non-return of any investments. 


The Company shall be entitled to a fee in respect of the Services provided. The current fees as well as any charges, taxes or other expenses are described in the product provider’s brochures, key information documents, key facts.




This Agreement may be cancelled by either party by notification in writing. Representation, Warranties and Indemnity

By signing this Agreement, the client declares, represents and warrants to the Company that they have full and unconstrained power to sign this Agreement, in particular the Client confirms that all assets, cash, securities


and other assets belong exclusively to the Client and are held free of any lien, charge, pledge and any other encumbrance other than those disclosed in writing by the Client to the Company. The client has all the necessary consents and authorities to be bound by this Agreement and all transactions that they may undertake.

Except in cases of gross negligence, wilful default or fraud on behalf of the Company, the Client agrees to indemnify the Company against all claims that may be instituted against the Company in connection with the execution or as a result of the execution of the powers and instructions given to the Company under this Agreement. 


Invoices and Taxes

Invoices will be due for payment on receipt by you. Fees charged by Elliot Lloyd International may be subject to VAT.



Elliot Lloyd International reserves the right to amend its Terms of Business and advise client without prior agreement. However, we will contact clients who are materially affected by these changes.


Governing Law

The laws of the Republic of Ireland will govern this Terms of Business document and the services which are referred to in this document.

Ground Floor

One Georges Quay Plaza

Dublin 2, Ireland

Tel: + 353 (0) 1 906 0964

Email:  info@elliotlloyd.com

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©2020 Elliot Lloyd International Limited

Elliot Lloyd International Limited is regulated by the Central Bank of Ireland

World Trade Center

Prinses Margrietplantsoen 33

2595AM, The Hague

The Netherlands

Tel: +31 (0) 70 205 4850

Email:  info@elliotlloyd.com