(1) A product which does not comply with the requirements of this Part or regulations thereunder may not be marketed or sold as a PRSA product and the term 'Personal Retirement Savings Account' or 'PRSA' may not be applied to describe such product.
(2) None of the following terms, namely -
(a) 'Personal Retirement Savings Account' or 'PRSA',
(b) 'Standard Personal Retirement Savings Account' or 'Standard PRSA',
may be registered as a trademark.
(3) A PRSA contract shall indicate in general terms that, under and in accordance with Part XI of the Pensions Act, 1990, it is the right of the contributor to refer a complaint or dispute under the contract to the Financial Services and Pensions Ombudsman.
(4) A PRSA contract shall provide for the payment of the PRSA assets to the contributor as they become due, whether in the State or in any other Member State, net of any taxes and transaction charges which may be applicable.
(5) The Investment Intermediaries Act, 1995, is amended -
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