Section 33AN of the Act of 1942 is amended -

(a) in subsection (1) -

(i) by the insertion of the following definitions:

"'authorised officer' means, subject to subsection (1A), a person appointed under section 24 of the Central Bank (Supervision and Enforcement) Act 2013;

'controlled function' has the meaning given by section 18(1) of the Central Bank Reform Act 2010;

'relevant controlled function' in relation to participation in the commission by a regulated financial service provider of a prescribed contravention, means a controlled function in relation to the regulated financial service provider;",

(ii) by the deletion of the definition of "decision of the Bank", and

(iii) by the deletion of the definition of "disqualification direction",

and

(b) by the insertion of the following subsections after subsection (1):