Section 26(1) of the Investment Intermediaries Act, 1995, is hereby amended by the deletion of "the instruments referred to in section 4(2)(a) to (c) of this Act" and the substitution of "units or shares in undertakings for collective investments in transferable securities within the meaning of the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations, 1989 (S.I. No. 78 of 1989), and any subsequent amendments thereto, units in a unit trust, other collective scheme instruments,".