In these Regulations -
"accumulated value" has the meaning assigned to it by section 30 of the Act;
"the Act" means the Pensions Act, 1990 (No. 25 of 1990);
"affiliated employer" means another employer where one of the employers is a subsidiary (within the meaning of sections 7 and 8 of the Companies Act 2014 (No. 38 of 2014) respectively) of the other, or where both employers are subsidiaries of a third employer;
"authorised trade union" means a trade union which holds a negotiation licence under Part II of the Trade Union Act 1941 (No. 22 of 1941);
"concentration of investment" in relation to a scheme, means investments exceeding a stated percentage of the resources of the scheme in one undertaking and in any associate of it or in one property, other than in the following categories - (a) Government securities; (b) insurance policies; (c) contracts of assurance; (d) managed funds; (e) unit trusts; or (f) cash deposits.
"contingent benefit" has the meaning assigned
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