(1) Part 16 of the Principal Act (as amended by section 33(1)(a) of the Finance Act 2011 (No. 6 of 2011)) is amended in section 494(3) -

(a) in paragraph (a)(i) by substituting "and which carries on relevant trading activities from a fixed place of business in the State, or" for "where those activities are principally carried on in the State, or",

(b) in paragraph (a)(ii) by substituting the following for clause (II):

"(II) both the holding of such shares or securities or the making of such loans and the carrying on of relevant trading activities where relevant trading activities are carried on from a fixed place of business in the State.",

and

(c) by deleting paragraph (c).

(2) Section 33 of the Finance Act 2011 is amended by substituting the following for subsection (2):

"(2)

(a) Subject to paragraphs (b) and (c), this section has effect in respect of shares issued on or after 25 November 2011.