42. Section 784A of the Act of 1997 is amended—

(a) in subsection (1)(a), in the definition of “qualifying fund manager”—

(i) in subparagraph (a), by the insertion of “, or of the United Kingdom,” after “the State”,

(ii) by the substitution of the following for subparagraph (b):

“(b) a building society within the meaning of the Building Societies Act 1989, or a society established in accordance with the law of a Member State of the European Union, other than the State, or of the United Kingdom, which corresponds to that Act,”,

(iii) in subparagraph (j)(ii), by the insertion of “or an authorisation granted by the authority in the United Kingdom charged by law with the duty of supervising persons carrying on the business of insurance in the United Kingdom” after “Directive No. 79/267/EEC”,

(iv) in subparagraph (k)(i), by the insertion of “or the United Kingdom” after “European Communities”, and

(v) in subparagraph (l), by the insertion of “or the United Kingdom” after “European Communities”,

and

(b) in subsection (7)(a)(I), by the insertion of “or in the United Kingdom” after “EEA State”.