Chapter 1A of Part 27 of the Principal Act is amended by inserting the following section:

"739FA. Electronic account filing requirement

(1) In this section, ‘electronic means’ includes electrical, digital, magnetic, optical, electromagnetic, biometric, photonic means of transmission of data and other forms of related technology by means of which data is transmitted.

(2) The Revenue Commissioners, with the consent of the Minister for Finance, may make regulations under this section with respect to the provision by -

(a) an investment undertaking, or

(b) where the investment undertaking is an umbrella scheme, a sub- fund of that scheme,

of financial statements, prepared in accordance with the generally accepted accounting practice specified in the prospectus of the investment undertaking to the Revenue Commissioners by electronic means.

(3) Without prejudice to the generality of subsection (2), regulations under this section may, in particular, include provisions -

(a) specifying the investment undertaking, group of investment undertakings or class of investment undertakings, including sub- funds of umbrella schemes where relevant, to which the regulation applies,

(b) determining the date in any year by which the financial statements required to be made under the regulations shall be provided to the Revenue Commissioners,