Section 47 of the Act of 1989 shall apply -
(a) to every financial institution to which Chapter VII of Part II of the Act of 1989 relates,
(b) to every exchange to which Chapter VIII of Part II of the Act of 1989 relates and every member of that exchange, and
(c) to every person authorised by the Bank to carry on money broking business,
as if each such institution, exchange, member or person so authorised were the holder of a licence for the purposes of the Central Bank Acts.