Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Act 2009

Amendment of section 2 (interpretation) of Principal Act.

2.— Section 2(1) of the Principal Act is amended—

(a) by inserting after the definition of “Commission”—

“ ‘Commission investment vehicle’ means a company or other body corporate that the Commission forms, causes to be formed or controls for the purpose of holding, facilitating or managing investments;”,

(b) by inserting after the definition of “custodian”—

“ ‘directed investment’ means—

(a) an investment made by the Commission pursuant to a direction under section 19A,

(b) a shareholding or other interest that the Commission holds as a result of underwriting an issue of securities pursuant to such a direction, or

(c) a shareholding or other interest in a listed credit institution transferred into the Fund under section 18(5A);”,

and

(c) by inserting after the definition of “investment manager”—

“‘ listed credit institution ’ means a credit institution (within the meaning given by the Central Bank Act 1997 ) whose shares are admitted to trading on a regulated market (within the meaning given by the European Communities (Markets in Financial Instruments) Regulations 2007 ( S.I. No. 60 of 2007 ));”.