(1) In these Regulations, unless the context otherwise requires -

"agent" includes nominee;

"authorised officer" means a person appointed and holding office under Regulation 25;

"automated calling system" means a telephone calling system that is or can be operated without the involvement of a human intermediary;

"the Bank" means the Central Bank of Ireland;

"business" includes trade and profession;

"by electronic means" has the meaning given by Regulation 3 of the European Communities (Directive 2000/31/EC) Regulations 2003 (S.I. No. 68 of 2003);

"cancellation period", in relation to a distance contract for the supply of a financial service, means the period within which the consumer can, in accordance with Regulation 10, cancel the contract without penalty and without giving any reason;