1. Interpretation: First Schedule.
In this Schedule -
'direction' means a direction given by a supervisory authority under section 21 of this Act;
'investment business firm' includes -
(a) a proposed investment business firm, and
(b) an authorised investment business firm, and
(c) a former authorised investment business firm, and
(d) a person who the supervisory authority has reasonable grounds to believe is acting as an investment business firm, and
(e) an associated undertaking or related undertaking, and
(f) directors and those responsible for managing an investment business firm.
2. Supervisory authority may revoke direction.
A supervisory authority may revoke a direction unless the Irish Financial Services Appeals Tribunal has made an order in respect of the direction on the hearing of an appeal against the direction under Part VIIA of the Central Bank Act 1942.
3. Effect of direction confirmed by Irish Financial Services Appeals Tribunal on appeal.
A direction confirm
…