In this Part -

"Act of 1972" means the European Communities Act 1972;

"Act of 1989" means the Insurance Act 1989;

"Bank" means the Central Bank of Ireland;

"European act" means an act or provision of an act, adopted by an institution of the European Union, an institution of the European Communities or any other body competent under the treaties governing the European Union and any act concerning the conditions of accession of a Member State;

"insurance undertaking" means a person who carries on or proposes to carry on non-life insurance business or life insurance business requiring authorisation under the relevant regulations or under the Solvency II Regulations;

"life insurance business" means the business of providing insurance in respect of the classes of insurance set out in Part A of Annex I to the Life Regulations or Annex II to the Solvency II Directive;