The European Communities (Deposit Guarantee Schemes) Regulations, 1995 (S.I. No. 168 of 1995) are hereby amended -

(a) in Regulation 3(1), by the substitution in the definition of "relevant beneficial owner" of "10 per cent." for "20 percent.",

and

(b) in Regulation 16(1), by the insertion of the following after paragraph (1)(i):

"(j) deposits by financial institutions (as defined in Regulation 2 of the European Communities (Licensing and Supervision of Credit Institutions) Regulations, 1992);

(k) deposits by an insurer (as defined in section 2 of the Insurance Act, 1989);

(l) deposits by the Government of any State or central administrative authority;

(m) deposits by provincial, regional, local and municipal authorities;

(n) deposits by -

(i) 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),

(ii) a unit trust, or

(iii) other collective investment schemes;

(o) deposits by pension and retirement funds;