(1) In this section -
"bank" means -
(a) a person who is a holder of a licence granted under section 9 or an authorisation granted under section 9A of the Central Bank Act 1971, or
(b) a person who holds a licence or other similar authorisation under the law of an EEA state, other than the State, which corresponds to a licence granted under the said section 9;
"EEA Agreement" means the Agreement on the European Economic Area signed at Oporto on 2 May 1992, as adjusted by all subsequent amendments to that Agreement;
"EEA state" means a state which is a contracting party to the EEA Agreement.
(2) This subsection shall apply to so much of any interest as -
(a) is a distribution by virtue only of section 130(2)(d)(iv),
(b) is payable by a bank carrying on a bona fide banking business in the State and would but for section 130(2)(d)(iv) be deductible as a trading expense in computing the amount of the bank's income from its banking business, and
(c) represents no more than a reasonable comm
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