The Central Bank and Credit Institutions (Resolution) Act 2011 (No. 27 of 2011) is amended -
(a) in section 2(1) -
(i) by substituting for the definition of "authorised credit institution" the following:
"'authorised credit institution' means a credit union;",
(ii) by substituting for the definition of "credit institution" the following:
"'credit institution' means a credit union;",
(iii) by inserting after the definition of "credit union" the following:
"'designated credit institution' means -
(a) a bank authorised (or deemed to be authorised by the European Central Bank on application therefor) under section 9 of the Act of 1971,
(b) a building society authorised (or deemed to be authorised by the European Central Bank on application therefor) under section 17 of the Building Societies Act (No. 17 of 1989), or
(c) a credit union;",
and
(iv) by inserting after the definition of "Minister" the following:
"'recognised credit institution' means a person authorised in the State to accept
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