The Central Bank Act 1997 is amended -

(a) in section 28, by adding the following definitions:

"' credit ' means a cash loan (whether or not provided on the security of a mortgage or charge over an estate or interest in land), but does not include credit of a class specified in section 3(2) of the Consumer Credit Act 1995;

' home reversion agreement ' means an agreement between a vendor and a home reversion firm that provides -

(a) for the conveyance by the vendor to the home reversion firm of an estate or interest in land (which includes the principal residence of the vendor or of the vendor's dependants) for a discounted sum or an income (or both), and

(b) for the vendor to retain the right to live in the residence until the occurrence of one or more events specified in the agreement;

' home reversion firm ' means a person carrying on a business of entering into home reversion agreements;";

(b) in section 28, by substituting the following definition for the definition of "regulated business":

"' regulated business ' means a bureau de change business, a money transmission business, a home reversion firm or a retail credit firm;";

(c) in section 28, by inserting the following definitions after the definition of "regulated business" (as substituted by paragraph (b)):

"' regulated financial service provider ' has the same meaning as in section 2 of the Central Bank Act 1942;