S.L. 386.19 Art. 2Interpretation and applicability. 

(1) In these regulations, unless the context otherwise requires –

"Act" means the Companies Act;

"AML/CFT" means anti-money laundering and countering of the financing of terrorism;

"beneficial owner" shall have the meaning assigned to it under the Prevention of Money Laundering and Funding of Terrorism

Regulations, 2017 and "beneficial ownership" shall be construed accordingly.

"customer" shall have the meaning assigned to it in the

Prevention of Money Laundering and Funding of Terrorism

Regulations;

"Directive" means Directive (EU) 2024/1640 of the European Parliament and of the Council of 31 May 2024 on the mechanisms to be put in place by Member States for the prevention of the use of the (REGISTER OF BENEFICIAL OWNERS)

financial system for the purposes of money laundering or terrorist financing, amending Directive (EU) 2019/1937, and amending and repealing Directive (EU) 2015/849;

"obliged entity" shall have the meaning assigned to it in Article

3 of the Regulation (EU) 2024/1624 of the European Parliament and of the Council of 31 May 2024 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing and shall also include those persons that fall within the meaning assigned to "subject person" in accordance with the

Prevention of Money Laundering and Funding of Terrorism Regulations, and any regulations issued in accordance with the Prevention of Money Laundering Act;

"Regulation" means Regulation (EU) 2024/1624 of the European Parliament and of the Council of 31 May 2024 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing.

(2) Unless expressly provided for in the Act, words and expressions that are not defined in these regulations shall have the meaning assigned to them in the Regulation.

(3) These regulations shall not apply to a company which is listed, or is indirectly fully owned by a company which is listed, on a regulated market that is subject to disclosure requirements consistent with the law of the European Union or subject to equivalent international standards which ensure adequate transparency of ownership information.