SCHEDULES
C1C2SCHEDULE 1 Investments and Investment Business
Sch. 1 amended by S.I. 1988/803, art. 5
Part I Investments
Debentures
C3C42
Debentures, including debenture stock, loan stock, bonds, certificates of deposit and other instruments creating or acknowledging indebtedness, not being instruments falling within paragraph 3 below.
Note. This paragraph shall not be construed as applying—
a
to any instrument acknowledging or creating indebtedness for, or for money borrowed to defray, the consideration payable under a contract for the supply of goods or services;
b
to a cheque or other bill of exchange, a banker’s draft or a letter of credit; or
c
to a banknote, a statement showing a balance in a current, deposit or savings account or (by reason of any financial obligation contained in it) to a lease or other disposition of property, a heritable security or an insurance policy.
Sch. 1 amended by S.I. 1988/496, art. 4