Section 28 of the Central Bank Act 1997 is amended -
(a) by substituting the following for the definition of "authorisation" -
"'authorisation' means an authorisation of a person to carry on a regulated business and, if an authorisation is amended in accordance with section 34, means the authorisation as amended;",
(b) by inserting the following definitions -
"'consumer' means -
(a) an individual acting otherwise than in the course of business, or
(b) a micro enterprise within the meaning given by Commission Recommendation 2003/361/EC of 6 May 2003 [OJ No. L124, 20.5.2003, p.36 ] concerning the definition of micro, small and medium sized enterprises;
'debt management firm' means a person who for remuneration provides debt management services to one or more consumers, other than an excepted person;
'debt management services' means -
(a) giving advice about the discharge of debts (in whole or in part), including advice about budgeting in connection with the discharge of debts,
(b) negoti
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