(1) This Regulation and Regulations 31 to 34 give effect to -
(a) Article 29 of the Directive with respect to the admission by the Central Bank of a person to carry out the credit intermediation activities referred to in the definition of "mortgage credit intermediary" in Regulation 4 (being the expression, in these Regulations, that corresponds to the expression, "credit intermediary", set out in point 5 of Article 4 of the Directive), and
(b) certain other Articles of the Directive related to that Article 29.
(2) A person, other than a person -
(a) referred to in Regulation 31(13), or
(b) admitted pursuant to Article 29 of the Directive in another EEA Member State,
shall not carry out the credit intermediation activities referred to in the definition of "mortgage credit intermediary" in Regulation 4 or provide advisory services unless-
(i) the person is the holder of an authorisation ("mortgage credit intermediary's authorisation") granted for that purpose by the Central Bank, and
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