(1) The Principal Act is amended by substituting the following for Part 16:
"Part 16 Relief for Investment in Corporate Trades
Chapter 1 Interpretation (Part 16)
488. Interpretation
(1) In this Part -
'associate' has the same meaning in relation to a person as it has by virtue of subsection (3) of section 433 in relation to a participator;
'company' means a body corporate;
'compliance period' means the pre-investment period and the relevant period;
'control' shall be construed in accordance with subsections (2) to (6)of section 432;
'director' shall be construed in accordance with section 433(4);
'emoluments' has the same meaning as in section 983;
'General Block Exemption Regulation' means Commission Regulation (EU) No. 651/2014 of 17 June 2014 [OJ No. L187, 26.6.2014, p. 43];
'innovation' means process innovation or organisational innovation;
'market value' shall be construed in accordance with section 548;
'organisational innovation' means the implementation of a new organisational
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