Schedule 3, Part 4 Amendment of Central Bank Act 1971

1.

Section 2 (as amended by section 70(c) of the Central Bank Act 1997 and item 1 of Part 6 of Schedule 1 to the Central Bank and Financial Services Authority of Ireland Act 2003)

(a) In subsection (1), insert the following definitions after the definition of "the Act of 1942":

" ‘Amsterdam Treaty' means the treaty signed in Amsterdam on 2 October 1997 amending the Treaty on European Union;

‘associated company', in relation to the holder of a licence, means a company in respect of which—

(a) not less than 20 per cent of the nominal value of the company's equity share capital is held by the company, or

(b) not less than 20 per cent of shares carrying voting rights (other than voting rights that arise only in particular circumstances) are so held;";

(b) In subsection (1), substitute the following definition for the definition of "banking business":

" ‘banking business', in relation to a person, m