59. Amendment of section 26 of Act of 1995.
Section 26 (as amended by the Central Bank Act, 1997) of the Act of 1995 is hereby amended -
(a) in subsection (1) -
(i) by the substitution for "or engaging in all or any of these services and, in the course of engaging in any of these services transmits orders only to all or any of the following, namely -" of "or engaging in all or any of these services or providing investment advice in relation to these services and, in the course of engaging in any of these services transmits orders only to all or any of the following product producers, namely -" and
(ii) in subparagraph (i) by the substitution for "not being a restricted activity investment product intermediary, or a certified person," of "not being a restricted activity investment product intermediary or a certified person,",
and the subsection as so amended is set out in the Table to this paragraph.
Table
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(1) In this Act "restricted activity investment product intermediary" means a person whose only investment business service is receiving and transmitting orders in units or shares in undertakings for collective investments in transferable securities within the meaning of the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations, 1989 (S.I. No. 78 of 1989), and any subsequent amendments thereto, units in a unit trust, other collective scheme instruments, or receiving and transmitting— |