15. Amendment of section 84 of Act of 2010.
Section 84 of the Act of 2010 is amended -
(a) by the renumbering of the section as subsection (1),
(b) by the insertion, in subsection (1), after the definition of "principal officer" of the following:
"'subsidiary' has the meaning assigned to it by section 155 of the Companies Act 1963;",
and
(c) by the insertion after subsection (1) of the following subsection:
(a) Subject to paragraph (b), in this Chapter a reference to the Minister shall, in a case where the applicant for or the holder of an authorisation is a subsidiary of a credit or financial institution, be construed as a reference to the Central Bank of Ireland.
(b) Paragraph (a) does not apply to -
(i) section 88(5),
(ii) sections 89(5)(b)(ii), 90(3)(b)(ii), 93(6)(b)(ii), 97(6)(b)(ii), 98(2)(b)(ii) and 100(2) in so far as those provisions relate to the specifying of a form by the Minister,
(iii) section 94(3),
(iv) section 101,
(v) section 104(8), (vi) section 106(7).".