Section 252(1) of the Act of 1990 is amended by including, in the appropriate places, the following additional definitions -
"'management company' means a company designated by an investment company to undertake the management of the investment company;
'sub-fund' means a separate portfolio of assets maintained by an investment company in accordance with its articles;
'umbrella fund' means an investment company which has one or more sub-funds and which is authorised by the Central Bank pursuant to section 256.".