(1) The Central Bank shall ensure that non-credit institutions are subject to an adequate admission process and to supervision arrangements, including entering the non-credit institution in a register.
(2) In the case retail credit firms (within the meaning of Part V of the Central Bank Act 1997 (No.8 of 1997)), compliance with the enactments for the time being in force that relate to, retail credit firms shall constitute sufficient compliance with paragraph (1).