Section 246 of the Principal Act is hereby amended -
(a) in subsection (1) -
(i) by the insertion before the definition of "company" of the following:
"'a collective investment undertaking' means -
(a) a unit trust scheme which is or is deemed to be an authorised unit trust scheme (within the meaning of the Unit Trusts Act, 1990) and which has not had its authorisation under that Act revoked,
(b) any other undertaking which is an undertaking for collective investment in transferable securities within the meaning of the relevant Regulations (within the meaning of section 734) being an undertaking which holds an authorisation, which has not been revoked, issued pursuant to the relevant Regulations,
(c) a limited partnership which -
(i) has as its principal business, as expressed in the partnership agreement establishing the limited partnership, the investment of its funds in property, and
(ii) has been authorised to carry on that business, under any enactment providing for such authorisa
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