Section 16 of the Central Bank Act, 1989, is hereby amended in subsection (2) -
(a) in paragraph (m) (inserted by section 49 of the Act of 1995) by the deletion of "in respect of certified persons", and
(b) by the insertion before paragraph (v) of the following paragraph:
"(av) made to a product producer (within the meaning of the Investment Intermediaries Act, 1995) in respect of the investment business services or investment advice provided by a restricted activity investment product intermediary (within the meaning aforesaid) who holds an appointment in writing from the producer pursuant to section 27 of that Act.".