(1) This Part applies in relation to -
(a) the commission or suspected commission by a credit union of a contravention of -
(i) a provision of the European Communities (Payment Services) Regulations 2009 (S.I. No. 383 of 2009) or the European Communities (Electronic Money) Regulations 2011 (S.I. No. 183 of 2011),
(ii) any direction given to the credit union under a provision of those Regulations,
(iii) any condition or requirement imposed on the credit union under a provision of those Regulations or under any direction given to the credit union under such a provision, or
(iv) any obligation imposed on the credit union by those Regulations or by the Bank pursuant to a power exercised under those Regulations, and
(b) participation, by a person concerned in the management of a credit union, in the commission by the credit union of such a contravention.
(2) For those purposes -
(a) a reference in this Part to a regulated financial service provider includes a reference to a credit unio