Clause 14

by deleting the definition of “foreign government-owned entity” and substituting the following definition:“ “foreign government-owned entity” means —

an entity wholly and beneficially owned (whether directly or indirectly) by the government or other public authority of a foreign country;

an entity that is incorporated, formed or established by the government or other public authority of a foreign country either directly or indirectly through one or more intermediate entities;

an entity that is incorporated, formed or established by the law of a foreign country and that is not a public authority of that foreign country; or

an entity that is incorporated, formed or established by an entity mentioned in paragraph (c) either directly or indirectly through one or more intermediate entities,and whose principal activity is to manage the entity’s own funds or the funds of a prescribed sovereign fund entity;”; and

by deleting the definition of “sovereign fund entity” and substituting the following definition:“ “sovereign fund entity” means —

the government or other public authority of a foreign country;

an entity wholly and beneficially owned by the government or other public authority of a foreign country;

an entity that is incorporated, formed or established by the government or other public authority of a foreign country either directly or indirectly through one or more intermediate entities;

an entity that is incorporated, formed or established by the law of a foreign country and that is not a public authority of that foreign country; or

an entity that is incorporated, formed or established by an entity mentioned in paragraph (d) either directly or indirectly through one or more intermediate entities,and whose funds (which may include the reserves of the government and any pension or provident fund of that country) are managed by an approved foreign government-owned entity.”.