The Principal Act is amended by inserting in Part III the following sections before section 19:
"18A. Interpretation: Part III.
In this Part, unless the context otherwise requires -
'credit institution' means an undertaking whose business is to receive deposits or other repayable funds from the public and to grant credit on its own account but does not include the European Central Bank;
'financial institution' means an undertaking, other than a credit institution, that provides one or more of the kinds of financial services that are set out in the Schedule to the European Communities (Licensing and Supervision of Credit Institutions) Regulations 1992 (S.I. No. 395 of 1992);
'insurance undertaking' has the meaning given by the Insurance Act 1989.
18B. Bank to have Board of Directors.
(1) The Board of Directors of the Bank comprises the following persons:
(a) the Governor;
(b) the Director General of the Bank;
(c) the Secretary General of the Department of Finance;
(d) the Chairperson of
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