The Bank shall be the competent authority in the State for -
(a) investment business firms for the purpose of Council Directive 93/22/EEC of 10 May 1993 [O.J. No. L.141 11/6/93.], and
(b) authorised investment business firms for the purpose of Council Directive 93/6/EEC of 15 March 1993 [O.J. No. L.141 11/6/93.].