Companies Act 2014

1385.

Interpretation ( Part 24)

1385. (1) In this Part—

“investment company” has the meaning given to it by section 1386 ;

“Minister” means the Minister for Finance;

“management company” means a company designated by an investment company to undertake the management of the investment company;

“property” means real or personal property of whatever kind (including securities);

“sub-fund” means a portfolio of assets and liabilities maintained by an investment company in accordance with its articles and which has been approved by the Central Bank as a separate sub-fund of the investment company;

“UCITS Regulations” means the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2011 ( S.I. No. 352 of 2011);

“umbrella fund” means an investment company which has one or more sub-funds and which is authorised by the Central Bank pursuant to section 1395 .

(2) For the purposes of the application by this Part of certain provisions of the UCITS Regulations to investment companies, those provisions shall be read as one with this Part.