Section 2 of the Principal Act is amended in subsection (1) by -
(a) substituting -
(i) the following definition for the definition of "actuary":
"'actuary', in relation to a scheme or regulatory own funds trust RAC, means a person appointed in pursuance of this Act as actuary, for the purposes of this Act, of the scheme or regulatory own funds trust RAC;",
and
(ii) the following definition for the definition of "Directive":
"'Directive' means Directive 2003/41/EC [OJ L 235, 23.09.2003, p. 10] of the European Parliament and of the Council as amended by Directive 2009/138/EC [OJ L 335, 17.12.2009, p. 1] of the European Parliament and of the Council and Directive 2010/78/EU [OJ L 331, 15.12.2010, p. 120] of the European Parliament and of the Council;",
and
(b) inserting the following definitions:
"'actuarial funding certificate' has the meaning assigned to it by section 42;
'credit institution' means a credit institution within the meaning of Article 4.1 of Directive 2006/48/EC [OJ L 177
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