(1) Section 14 of the Finance Act, 1993, is hereby amended -
(a) in subsection (1) in the definition of "designated broker" by the insertion after "the Irish Stock Exchange" of "or is a member firm (which carries on a trade in the State through a branch or agency) of a stock exchange of any other Member State of the European Union", and
(b) in subsection (4) by the insertion after paragraph (b) of the following paragraph:
(i) Where in a year of assessment (hereafter in this paragraph referred to as ‘the first year of assessment’) securities which are assets of a special portfolio investment account are disposed of and in the immediately following year of assessment interest becoming payable in respect of the securities is receivable by the special portfolio investment account, then, for the purposes of computing the relevant income or gains for the first year of assessment, the price paid by the designated broker for the securities shall be treated as reduced by the appr