(1) In this section -
"distribution" has the same meaning as it has for the purposes of the Corporation Tax Acts;
"intermediary" means any person who provides relevant facilities in relation to a relevant UCITS;
"relevant Directives" means Council Directive 85/611/EEC of 20 December 1985 [O.J. No. L375 of 31.12.1985.] on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (UCITS), and any Directive amending that Directive;
"relevant facilities", in relation to a relevant UCITS, means -
(a) the marketing in the State of the units of the relevant UCITS,
(b) the acting in the State as an intermediary in the purchase of the units of the relevant UCITS by or on behalf of persons resident in the State or in the sale to such persons of such units, and
(c) the provision in the State on behalf of the relevant UCITS of facilities for the making of payments to holders of its units, the repurchase or