(1) In this Regulation "Act of 1994" means the Investment Limited Partnerships Act 1994 (No.24 of 1994).
(2) The definition of "custodian" in section 3 of the Act of 1994 is amended by substituting "eligible to act as custodian in accordance with section 8 of this Act" for "approved by the Bank under section 8 of this Act".
(3) Paragraph (c) of section 5 of the Act of 1994 is amended -
(a) by substituting "have appointed a custodian being a person maintaining a place of business in the State, and eligible to act as custodian in accordance with section 8 of this Act" for "have appointed a custodian or custodians being a person or persons maintaining a place of business in the State, and approved by the Bank under section 8 of this Act"; and
(b) by inserting, at the end of that paragraph, "and in the European Union (Alternative Investment Fund Managers) Regulations 2013 where relevant".
(4) Section 8 of the Act of 1994 is amended by substituting the following for subsection (1):
"(1) The
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