Finance Act 2015

Amendment of section 1035A of Principal Act (relieving provision to section 1035)

28. Section 1035A of the Principal Act is amended in subsection (1) —

(a) by inserting the following definitions:

“ ‘AIF’ has the same meaning as in section 747G;

‘AIFM’ has the same meaning as in section 747G;

‘branch or agency’ has the same meaning as in section 4;

‘EEA state’ has the same meaning as in section 747B;

‘relevant AIFM Directives’ has the same meaning as in section 747G;”,

and

(b) in the definition of “authorised agent”—

(i) by substituting “revoked,” for “revoked, or” in paragraph (b), and

(ii) by inserting the following after paragraph (c):

“or

(d) an AIFM authorised—

(i) under any laws of the State which implement the relevant AIFM Directives, or

(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,”.