The Principal Act is amended -

(a) in section 739H by inserting the following after subsection (2):

"(3)

(a) This section applies to a scheme for the reconstruction of a common contractual fund or funds (within the meaning of section 739I(1)(a)(i)) or to the amalgamation of 2 or more such funds as it would apply to a scheme of reconstruction or amalgamation if 'investment undertaking' included a common contractual fund within the meaning of section 739I(1)(a)(i).

(b) For the purposes of this subsection the definitions of 'investment undertaking', 'unit' and 'unit holder' shall apply, with any necessary modifications, to a common contractual fund within the meaning of section 739I(1)(a)(i) as they apply to an investment undertaking within the meaning of paragraph (b) of the definition of 'investment undertaking'.",

and

(b) in section 739I(1)(a) by substituting the following for subparagraph (i):