(1) The Financial Services and Pensions Ombudsman has jurisdiction to investigate and adjudicate a dispute between a consumer and a supplier arising in connection with a distance contract for the supply of a financial service.
(2) When investigating and adjudicating such a dispute, the Financial Services and Pensions Ombudsman may co-operate with and exchange information with persons who perform in other Member States functions similar to those performed by that Ombudsman.
(3) In this Regulation, "Financial Services and Pensions Ombudsman" means the Financial Services and Pensions Ombudsman who for the time being is holding office, or is acting, as such under Part VIIB of the Central Bank Act 1942 (No. 22 of 1942).Financial Services and Pensions Ombudsman