(1) In these Regulations -

"Act of 1971" means the Central Bank Act 1971 (No. 24 of 1971);

"Act of 2010" means the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 (No. 6 of 2010);

"authorised", in relation to a credit institution, means - (a) in the case of a bank, a bank authorised, or deemed to be authorised, by the European Central Bank on application therefor under section 9 of the Act of 1971, (b) in the case of a building society, a building society authorised, or deemed to be authorised, by the European Central Bank on application therefor under section 17 of the Building Societies Act (No. 17 of 1989), or (c) in the case of a credit union, a credit union registered within the meaning of the Credit Union Act 1997 (No. 15 of 1997) or deemed to be so registered by virtue of section 5(3) of that Act;