Part 13 of the Principal Act is amended -

(a) in section 108 -

(i) in subsection (7), by the substitution of "subsection (8)" for "subsection (7)", and

(ii) by the substitution of the following subsection for subsection (8):

"(8)

(a) In this subsection -

'EEA Agreement' means the Agreement on the European Economic Area signed at Oporto on 2 May 1992 as adjusted by all subsequent amendments to that Agreement;

'EEA state' means a state which is a contracting party to the EEA Agreement;

'EU value-added tax' means value-added tax referred to in the VAT Directive and includes tax within the meaning of section 2;

'financial institution' means -

(i) a person who holds or has held a licence under section 9 or an authorisation granted under section 9A of the Central Bank Act 1971, or a person who holds or has held a licence or other similar authorisation under the law of an EEA state, other than the State, which corresponds to a licence granted under the said section 9,

(ii) a person referred to in section 7(4) of the Central Bank Act 1971, or