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(a) banking within the meaning of the Central Bank Act, 1971,

(b) assurance business within the meaning of section 3 of the Insurance Act, 1936,

(b) assurance business within the meaning of section 3 of the Insurance Act, 1936,

“control” shall be construed in accordance with subsections (2) to (6) of section 432, with the substitution in subsection (6) of that section for “5 or fewer participators” of “persons resident in a relevant territory”;

“relevant territory” means the United States of America or a territory with the government of which arrangements having the force of law by virtue of section 826 section 826(1)(a) 826(1) have been made;