What are the risks to a UK-based investor of investing in an ETF authorised by the Central Bank of Ireland compared with an investment authorised by the UK FSCS?

What are the risks to a UK-based investor of investing in an ETF authorised by the Central Bank of Ireland compared with an investment authorised by the UK FSCS?

Hi John

Interesting question.

The FSCS does not authorise but does protect (in the UK). Have a look at their website. The FCA will be the regulatory body for most investments/providers in the UK. Moving out of their domain means you will not be afforded the protections offered by either the regulator, the compensation available through FSCS or the Ombudsman service. If you buy the product through a UK regulated adviser their advice should be subject to FSCS and FCA rules if they are appropriately registered/qualified etc.

As you already know the ETF you want, advice is likely to be an unnecessary expense, so you will need to look into the protections afforded to you through the Central Bank of Ireland (sorry I'm a UK only adviser) which you can find at https://www.centralbank.ie/regulation/consumer-protection You will also find that the ETF provider/manager can advise you more.

Regards and bet of luck

Adam