(1) Subject to section 61, a reference in this Part to the competent authority for a designated person is a reference to the competent authority prescribed for the class of designated persons to which the designated person belongs.
(2) If no such competent authority is prescribed, a reference in this Part to the competent authority is a reference to the following:
(a) in the case of a designated person that is a credit institution or a financial institution, the Central Bank of Ireland;
(b) in the case of a designated person who is an auditor, external accountant, tax adviser or trust or company service provider -
(i) if the person is a member of a designated accountancy body, the designated accountancy body, or
(ii) if the person is not a member of a designated accountancy body and is a body corporate, or a body of unincorporated persons, carrying out its functions under this Part through officers and members of it who are members of a designated accountancy body, the designated accou
…