In these Regulations -
"authorisation" means an authorisation under the European Communities (Non-Life Insurance) Regulations, 1976 (S.I. No. 115 of 1976), except where the context otherwise requires;
"Bank" means the Central Bank of Ireland;
"Community co-insurance operation" has the meaning given to it by the Schedule to these Regulations;
"the Directive" means EEC Council Directive 78/473/EEC;
"leading insurer", in relation to a Community co-insurance operation, means an insurer who - (a) for the purpose of covering the risk concerned, is treated by the persons concerned as if he were the insurer covering the whole risk, and (b) fully assumes the leader's role in co-insurance practice and in particular determines the terms and conditions of insurance for the operation and rating;
"member State" means a State which is a member of the European Communities;
"supervisory authority" means, in respect of any territory within the European Economic Community, the authority ch