(1) In respect of the authorisation by the Central Bank of a tied credit intermediary specified in paragraph (a) of the definition of that expression in Regulation 3(1), the following provisions of this Regulation shall apply.
(2) The authorisation by the Central Bank of such a tied credit intermediary shall be effected by means of -
(a) an application under Regulation 30, by the creditor on whose behalf the tied credit intermediary is exclusively acting, for the grant of an authorisation under that Regulation to the creditor in respect of that intermediary, and
(b) subject to the requirements under, or referred to in, that Regulation and Regulation 31 being complied with, the grant by the Bank of such an authorisation,
and, notwithstanding that that application is made by the creditor, references in Regulations 30 and 31, express or implied, to the applicant shall be construed as references to the tied credit intermediary.
(3) If such an authorisation is granted, the creditor shall re
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