SCHEDULE 5 Listed Money Market Institutions
Part I Transactions not Subject to Monetary Limit
2
(1)
A transaction falls within this paragraph if it is in respect of an investment specified in sub-paragraph (2) below and—
(a)
in the case of an investment within any of paragraphs (a) to (d) of that sub-paragraph, the transaction is not regulated by the rules of a recognised investment exchange; and
(b)
in the case of any other investment specified in that sub-paragraph, the transaction is not made on such an exchange or expressed to be as so made.
(2)
The investments referred to above are—
F1(a)
a debenture or other instrument falling within paragraph 2 of Schedule 1 to this Act which is issued on terms requiring repayment not later than five years from the date of issue;
(c)
loan stock, or any other instrument, falling within paragraph 3 of Schedule 1 to this Act which is issued on terms requiring repayment not later than one year or, if issued by a local authority in the United Kingdom, five years from the date of issue;
(d)
a warrant or other instrument falling within paragraph 4 of Schedule 1 to this Act which entitles the holder to subscribe for an investment within F2paragraph (a) or (c) above;
(e)
any certificate or other instrument falling within paragraph 5 or 11 of Schedule 1 to this Act and relating to an investment within F2paragraph (a) or (c) above;
(f)
an option falling within paragraph 7 of Schedule 1 to this Act and relating to—
(i)
an investment within F2paragraph (a) or (c)above;
(ii)
currency of the United Kingdom or of any other country or territory; or
(iii)
gold or silver;
(g)
rights under a contract falling within paragraph 8 of Schedule 1 to this Act for the sale of—
(i)
an investment within F2paragraph (a) or (c) above;
(ii)
currency of the United Kingdom or of any other country or territory; or
(iii)
gold or silver;
(h)
rights under a contract falling within paragraph 9 of Schedule 1 to this Act by reference to fluctuations in—
(i)
the value or price of any investment falling within any of the foregoing paragraphs; or
(ii)
currency of the United Kingdom or of any other country or territory; or
(iii)
the rate of interest on loans in any such currency or any index of such rates;
(i)
an option to acquire or dispose of an investment within paragraph (f), (g) or (h) above.