(1) In these Regulations: -
"assurance licence" has the meaning assigned to it by the Insurance Act, 1936 (No. 45 of 1936);
"the Annex" means the Annex to the Directive in which the classes of insurance set out in Schedule I to these Regulations are specified;
"authorisation" means an authorisation under these Regulations, except where the context otherwise requires;
"Bank" means the Central Bank of Ireland;
"authorised officer" means a person appointed by the Minister to be an authorised officer for the purposes of these Regulations;
"capital at risk" means the amount payable on death less the mathematical reserve in respect of the relevant contracts;
"competent authority" in relation to a Member State, means the authority of that State that is empowered by a law of that State to supervise credit institutions or investment firms;
"the Directive" means EEC Council Directive 79/267/EEC;
"group" means - (a) a group that comprises a parent undertaking and subsidiaries of the under