In these Regulations -

"an authorisation" means an authorisation granted under the European Communities (Non-Life Insurance) Regulations, 1976 (S.I. No. 115 of 1976), or the European Communities (Non-Life Insurance) Framework Regulations, 1994 (S.I. No. 359 of 1994);

"Bank" means the Central Bank of Ireland;

"financial year" has the meaning assigned to it by section 2 of the Companies Act, 1963 (No. 33 of 1966).