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SCHEDULES

SCHEDULE 1U.K. Investments and Investment Business

Modifications etc. (not altering text)

Part IU.K. Investments

Government and public securitiesU.K.

3Loan stock, bonds and other instruments creating or acknowledging indebtedness issued by or on behalf of a government, local authority or public authority.

Notes

(1)In this paragraph “government, local authority or public authority” means—

(a)the government of the United Kingdom, of Northern Ireland, or of any country or territory outside the United Kingdom;

(b)a local authority in the United Kingdom or elsewhere;

(c)any international organisation the members of which include the United Kingdom or another member State.

(2)The Note to paragraph 2 above shall, so far as applicable, apply also to this paragraph.

[F1(3)This paragraph does not apply to any instrument creating or acknowledging indebtedness in respect of money received by the Director of Savings as deposits or otherwise in connection with the business of the National Savings Bank or in respect of money raised under the National Loans Act 1968 under the auspices of the Director of Savings or in respect of money treated as having been so raised by virtue of section 11(3) of the National Debt Act 1972.]

Textual Amendments

F1Note added by S.I. 1990/349, art. 2

Modifications etc. (not altering text)

C3Sch. 1 para. 3: definitions in Note (1) of 'government, local authority or public authority" applied by S.I. 1991/489, art. 2(2)