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Amendment of section 1035A of Principal Act (relieving provision to section 1035)
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28. Section 1035A of the Principal Act is amended in subsection (1) —
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(a) by inserting the following definitions:
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“ ‘AIF’ has the same meaning as in section 747G;
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‘AIFM’ has the same meaning as in section 747G;
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‘branch or agency’ has the same meaning as in section 4;
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‘EEA state’ has the same meaning as in section 747B;
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‘relevant AIFM Directives’ has the same meaning as in section 747G;”,
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and
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(b) in the definition of “authorised agent”—
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(i) by substituting “revoked,” for “revoked, or” in paragraph (b), and
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(ii) by inserting the following after paragraph (c):
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“or
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(d) an AIFM authorised—
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(i) under any laws of the State which implement the relevant AIFM Directives, or
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(ii) under the laws of an EEA state and which manages one, or more than one, AIF through a branch or agency in the State,”.
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