Michael Ahern (Cork East, Fianna Fail)

I take the Senator's point. Subsection 2 contains an express statement that non-UCITS CCFs will not constitute a partnership under the Partnership Act 1890 or a unit trust under the Unit Trust Act 1990. This ensures that it will not be subject to the provisions of those Acts. Unless an express statement was included to this effect, the CCF vehicle might otherwise be subject to the provision of the Partnership Act 1890 or the Unit Trust Act 1990. Perhaps I could come back to this topic if the Senator wants a more detailed definition.