Defines key terms for the Part. "Authorised officer" means a person appointed under section 24 of the Central Bank (Supervision and Enforcement) Act 2013, with subsection (1A) extending the term to officers appointed under other designated enactments where relevant; "controlled function" is as defined in section 18(1) of the Central Bank Reform Act 2010; "inquiry" means an inquiry under section 33AO or 33AR; "notify" means notify in writing; and a person is "concerned in the management" of a body if involved in directing, managing or administering its affairs. The definitions of "designated enactment" and "designated statutory instrument" list multiple exclusions and carve-outs, many limited to requirements imposed on persons who are not regulated financial service providers.

"Contravene" includes failure to comply and encompasses attempting, aiding, abetting, counselling, procuring, inducing, being knowingly concerned in, or conspiring to commit a contravention. "Prescribed contravention" generally covers contraventions of provisions of a designated enactment or statutory instrument, codes, directions, conditions or obligations imposed under the Part or by the Bank. Specific prescribed contraventions are identified for the European Union (Cooperation...) Regulations 2020 (Reg 4(2)), the CSD Regulation (Article 63(1) infringements), the European Union (Markets in Financial Instruments) Regulations 2017 (Regulation 119(5)–(7)), the SFT Regulation (Articles 4, 13, 14, 15) and the Benchmarks Regulation (Articles 4–16, 21, 23–29, 28a(1), 34).