18The securities are issued by—
(a)a charity within the meaning of—
(i)section 96(1) of the [1993 c. 10.] Charities Act 1993, or
(ii)section 35 of the [1964 c. 33 (N.I.)] Charities Act (Northern Ireland) 1964,
(b)a recognised body within the meaning of section 1(7) of the [1990 c. 40.] Law Reform (Miscellaneous Provisions) (Scotland) Act 1990,
(c)a housing association within the meaning of—
(i)section 5(1) of the [1985 c. 68.] Housing Act 1985,
(ii)section 1 of the [1985 c. 69] Housing Associations Act 1985, or
(iii)Article 3 of the [S.I. 1992/1725 (N.I. 10).] Housing (Northern Ireland) Order 1992,
(d)an industrial or provident society registered in accordance with—
(i)section 1(2)(b) of the [1965 c. 12.] Industrial and Provident Societies Act 1965, or
(ii)section 1(2)(b) of the [1969 c. 24 (N.I.).] Industrial and Provident Societies Act 1969, or
(e)a non-profit making association or body, recognised by the country or territory in which it is established, with objectives similar to those of a body falling within any of paragraphs (a) to (c),
and the proceeds of the offer will be used for the purposes of the issuer’s objectives.