(1) The Principal Act is amended -

(a) in section 1(1) by substituting the following for the definition of "stock":

"'stock' includes any share in any stocks or funds transferable at the Bank of England or at the Bank of Ireland and any share in the stocks or funds of any foreign state or government, or in the capital stock or funded debt of any county council, a city council or a city and county council, corporation, company, or society in the State, or of any foreign corporation, company, or society and includes any option over any share in such stocks or funds;",

(b) by inserting the following after section 82B:

"82C. Pension schemes and charities.

(1) In this section -

'Act of 1997' means the Taxes Consolidation Act 1997;

'charity' means a body of persons or a trust established for charitable purposes only;

'common contractual fund' has the meaning given to it by section 739I(1)(a)(i) of the Act of 1997;

'investment undertaking' has the meaning given to it by section 739B(1) of the Act of 1997;

'pension scheme' means -

(a) a retirement benefits scheme, within the meaning of section 771 of the Act of 1997, approved by the Commissioners for the purposes of Chapter 1 of Part 30 of that Act,

(b) an annuity contract or a trust scheme or part of a trust scheme approved by the Commissioners under section 784 of the Act of 1997,