(1) Chapter 9 of Part 4 of the Principal Act is amended by substituting the following for section 110:
"110. Securitisation.
(1) In this section -
'authorised officer' means an officer of the Revenue Commissioners authorised by them in writing for the purposes of this section;
'qualifying asset', in relation to a qualifying company, means an asset which consists of, or of an interest in, a financial asset;
'financial asset' includes -
(a) shares, bonds and other securities,
(b) futures, options, swaps, derivatives and similar instruments,
(c) invoices and all types of receivables,
(d) obligations evidencing debt (including loans and deposits),
(e) leases and loan and lease portfolios,
(f) hire purchase contracts,
(g) acceptance credits and all other documents of title relating to the movement of goods, and
(h) bills of exchange, commercial paper, promissory notes and all other kinds of negotiable or transferable instruments;
'qualifying company' means a company -
(a) which is resident
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