AI Summary of 2. Interpretation
The Act sets out definitions pertinent to the regulation of financial services and pension provisions, establishing clarity for stakeholders, including consumers and beneficiaries. It delineates the roles of various entities, such as the Central Bank of Ireland and the Financial Services Ombudsman, thereby enhancing governance and oversight within the sector.
Furthermore, the legislation defines key terms such as 'financial service provider', 'pension provider', and 'consumer', ensuring comprehensive coverage of the financial services industry. This framework is essential for effective complaint resolution and consumer protection, promoting confidence in financial markets.
2. Interpretation
Amendments (requiring commencement) by s. 38 of the Credit Review Act 2026 (No. 1), published 3 February 2026.
(1) In this Act -
"Act of 1942" means the Central Bank Act 1942;
"Act of 1990" means the Pensions Act 1990;
"Act of 1995" means the Consumer Credit Act 1995;
"Act of 2004" means the Public Service Management (Recruitment and Appointments) Act 2004;
"Act of 2014" means the Companies Act 2014;