Chapter 4 of Part 38 of the Principal Act is amended by inserting the following after section 908A:

"Application to High Court seeking order requiring information: associated institutions.

908B.

(1) In this section -

'the Acts' has the meaning assigned to it by section 1078(1);

'associated institution', in relation to a financial institution, means a person that -

(a) is controlled by the financial institution (within the meaning of section 432), and

(b) is not resident in the State;

'authorised officer' means an officer of the Revenue Commissioners authorised by them in writing to exercise the powers conferred by this section;

'books, records or other documents' includes -

(a) any records used in the business of an associated institution, or used in the transfer department of an associated institution acting as registrar of securities, whether -

(i) comprised in bound volume, loose-leaf binders or other loose-leaf filing system, loose-leaf ledger sheets, pages, folios or cards, or

(ii) kept on microfilm, magnetic tape or in any non-legible form (by the use of electronics or otherwise) which is capable of being reproduced in a legible form,