(1) The Principal Act is amended -

(a) in Chapter 1 of Part 30 -

(i) in section 770(1) -

(I) by substituting the following for the definition of "administrator":

"'administrator', in relation to a retirement benefits scheme, means the person or persons, established in a Member State of the European Communities, having the management of the scheme, and references to the administrator of a scheme shall be deemed to include the person mentioned in section 772(2) (c) (ii);",

(II) by inserting the following after the definition of "final remuneration":

"'overseas pension scheme' means a retirement benefits scheme, other than a state social security scheme, which is -

(a) operated or managed by an Institution for Occupational Retirement Provision as defined by Article 6(a) of Directive 2003/41/EC of the European Parliament and of the Council of 3 June 2003 [OJ No. L235, 23.9.2003, p.10], and

(b) established in a Member State of the European Communities, other than the State, which has given effect to that Directive in its national law;",

(III) by inserting the following after the definition of "relevant date":

"'retirement benefits scheme' has the meaning assigned to it by section 771;",

and