AI Summary of 600B. Interpretation.
This chapter delineates various definitions critical for understanding compliance requirements within regulatory frameworks. Key terms include 'arrangement,' 'associate,' and 'authorised officer,' each referencing specific legal standards and provisions. The relevance of these definitions extends to investment terms such as 'eligible shares' and 'qualifying investments,' ensuring clarity in legal documentation and transactional agreements.
Furthermore, the concepts of 'SME' and 'undertaking in difficulty' align with broader regulatory provisions, including the General Block Exemption Regulation. This chapter serves as a foundational element for legal and compliance professionals navigating complex regulatory landscapes.
600B. Interpretation.
In this Chapter -
"accounting period" shall be determined in accordance with section 27;
"arrangement" includes any agreement, understanding, scheme, transaction or series of transactions (whether enforceable or not);
"associate" has the same meaning in relation to a person as it has by virtue of subsection (3) of section 433 in relation to a participator;
"authorised officer " means an officer of the Revenue Commissioners authorised under section 600Q(1);
"business plan" has the same meaning as in section 493;
"certificate of going concern" has the meaning given to it by section 600F(3);
"certificate of commercial innovation" has the meaning given to it by section 600F(4);