Section 2 of the Act of 1995 is amended, in subsection (1) -

(a) by the insertion of the following definitions:

"'Act of 1997' means the Central Bank Act 1997;

'relevant date' means the date on which section 14 of the Consumer Protection (Regulation of Retail Credit and Credit Servicing Firms) Act 2022 comes into operation;

'retail credit firm' has the same meaning as it has in Part V of the Act of 1997;",

(b) by the substitution of the following definition for the definition of "APR":

"'APR' means the annual percentage rate of charge (being, in the case of a credit agreement, the total cost of credit to the consumer, expressed as an annual percentage of the amount of credit granted), calculated in accordance with section 9;",

and

(c) by the substitution of the following paragraph for paragraph (e) of the definition of "credit institution":

"(e) a retail credit firm authorised under the Act of 1997;".