(1) The Central Bank Act 1942 is amended in Part 1 of Schedule 2 by inserting the following -

"

".

(2) The amendment made by subsection (1) shall not have effect to cause a person to be a regulated financial services provider for the purposes of the Central Bank Act 1942, this Act or any other enactment.

(3) If the Bank considers that a credit information provider to whom this subsection applies has failed, or is failing, to comply with any obligation imposed by this Act, the Bank may direct the credit information provider to take specified steps to comply with the obligation.

(4) Subsection (3) applies to a credit information provider other than -

(a) a regulated financial services provider,

(b) NAMA, and

(c) a local authority.