Investment Limited Partnerships (Amendment) Act 2020
Amendment of section 6 of Act of 2005 | ||
62. Section 6(1) of the Act of 2005 is amended— | ||
(a) by the insertion of the following definition before the definition of “Bank”: | ||
“ ‘Act of 2010’ means the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 ;”, | ||
(b) by the insertion of the following definitions after the definition of “Bank”: | ||
“ ‘beneficial owner’, in relation to a common contractual fund, means any individual who— | ||
(a) ultimately is entitled to or controls, whether the entitlement or control is direct or indirect, more than a 25 per cent share of the capital or profits of the common contractual fund or more than 25 per cent of the voting rights in the common contractual fund, or | ||
(b) otherwise controls the common contractual fund; | ||
‘beneficial ownership register’ shall be construed in accordance with section 21B;”, | ||
(c) by the insertion of the following definition after the definition of “common contractual fund”: | ||
“ ‘competent authority’ means a competent authority as that expression, by virtue of sections 60 and 61 of the Act of 2010, is to be construed for the purposes of Part 4 of that Act;”, | ||
(d) by the insertion of the following definitions after the definition of “deed of constitution” or “deed”: | ||
“ ‘designated person’ has the meaning assigned to it by section 25 of the Act of 2010; | ||
‘Higher Executive Officer’ means the position of Higher Executive Officer, or a position equivalent to it, in the public body concerned;”, | ||
and | ||
(e) by the insertion of the following definitions after the definition of “holding company”: | ||
“ ‘Member State’, in addition to the meaning assigned to it by section 3(1), includes, where relevant, a contracting party to the Agreement on the European Economic Area signed at Oporto on 2 May 1992 (as adjusted by the Protocol signed at Brussels on 17 March 1993); | ||
‘PPS number’, in relation to an individual, means the person’s Personal Public Service Number within the meaning of section 262 of the Social Welfare Consolidation Act 2005 ; | ||
‘presenter’ shall be construed in accordance with section 18O(1); | ||
‘Principal Officer’ means the position of Principal Officer, or a position equivalent to it, in the public body concerned; | ||
‘senior managing official’ includes a director and a chief executive officer;”. |