(1) In these Regulations -

"Act of 1997" means the Irish Takeover Panel Act 1997 (No. 5 of 1997);

"collective investment undertakings other than the closed-end type" means investment companies - (a) the object of which is the collective investment of capital provided by the public, which operates on the principle of risk-spreading, and (b) the units of which are, at the holders' request, repurchased or redeemed, directly or indirectly, out of the assets of those companies, and, for the purposes of this definition, action taken by such companies to ensure that the stock exchange value of their units does not vary significantly from their net asset value shall be regarded as equivalent to such repurchase or redemption;

"company" means a company within the meaning of the Companies Act 1963 (No. 33 of 1963) or any other body corporate;

"Directive" means Directive 2004/25/EC of the European Parliament and of the Council of 21 April 2004 on takeover bids;