Article 2(1) of the Principal Regulations is hereby amended by the substitution for the definition of "authorisation" of the following:
" 'authorisation' except where the context otherwise requires means -
(i) authorisation granted by the Minister under these Regulations,
(ii) authorisation granted by the authority charged by law with the duty of supervising the activities of insurance undertakings in a State which is a member of the European Communities in accordance with Article 6 of the First Directive;
and references to authorisation, in relation to non-life insurance in the Insurance Act, 1989, shall be construed accordingly;".