(1) In this section -
"investor" means -
(a) in relation to an investment undertaking, a unit holder in the investment undertaking who is an individual, and
(b) in relation to an offshore fund to which Chapter 4 applies, an individual who has a material interest in the offshore fund;
"land" has the same meaning as in section 730BA;
"material interest" shall be construed in accordance with section 743;
"offshore fund" has the meaning assigned to it by section 743;
"public" has the same meaning as in section 730BA.
(2) In this Chapter and in Chapter 4 of this Part "personal portfolio investment undertaking" means -
(a) in relation to an investor in an investment undertaking, an investment undertaking, and
(b) in relation to an investor in an offshore fund to which Chapter 4 applies, such an offshore fund,
under the terms of which some or all of the property of the undertaking or, as the case may be, the offshore fund, may be, or was, selected by, or the selection of some or all of the pr
…