(1) In these Regulations -
"Act of 2015" means the Irish Collective Asset-management Vehicles Act 2015.
"articles", in relation to a company, has the meaning assigned to it by the Companies Act 1963 (No. 33 of 1963) and, in relation to an ICAV, means its instrument of incorporation within the meaning of the Act of 2015;
"Bank" means the Central Bank of Ireland;
"branch", in relation to a management company, means, subject to paragraph (2), a part of the company which has no legal personality and which provides services for which the company has been authorised;
"client" means a natural or legal person, or any other undertaking (including a UCITS), to whom a management company provides a service of collective portfolio management or services pursuant to Regulation 16(2) (a);
"close links" means a situation in which 2 or more natural or legal persons are linked by - (a) participation, being the ownership, direct or by way of control, of 20% or more of the voting rights or capital of a
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