(1) Section 411 of the Principal Act is amended in subsection (1) -

(a) in paragraph (a), in the definition of "relevant Member State", by substituting "made;" for "made." in subparagraph (ii),

(b) in paragraph (a) by inserting the following after the definition of "relevant Member State":

"'relevant territory' means -

(i) a relevant Member State,

(ii) not being such a Member State, a territory with the government of which arrangements having the force of law by virtue of section 826(1) have been made, or

(iii) not being a territory referred to in subparagraph (i) or (ii), a territory with the government of which arrangements have been made which on completion of the procedures set out in section 826(1) will have the force of law;",

and

(c) by substituting the following for paragraph (c):

"(c) In determining for the purposes of this section and the following sections of this Chapter whether one company is a 75 per cent subsidiary of another company, the other company shall be treated as not being the owner of -