The following section is hereby substituted for section 60 of the Principal Act:
"Exempted person.
(1) In this Part of this Act "exempted person" means, subject to subsection (3) of section 78 of this Act -
(a) a board or other body established by or under an Act of the Oireachtas or an Act of the Oireachtas of Saorstát Éireann,
(b) a company (hereinafter referred to as a State-sponsored company) within the meaning of subsection (1) of Section 2 of the Companies Act, 1963, in which the majority of the shares are held by or on behalf of a Minister of State, or
(c) a company within the meaning of subsection (1) of section 2 of the Companies Act, 1963, in which the majority of the ordinary shares are held by a State-sponsored company or a board or other body mentioned in paragraph (a) of this subsection,
in respect of which the Minister has issued a certificate that such board, other body or company is for the time being an exempted person for the purposes of this Act.
(2) The Minis
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