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Textual Amendments

SCHEDULESF1

[F1SCHEDULE 11AU.K.TRANSFERABLE SECURITIES

PART 1 U.K.

5(1)Non-equity transferable securities, issued in a continuous or repeated manner by a credit institution, which satisfy the conditions in sub-paragraph (2).U.K.

(2)The conditions are that the transferable securities—

(a)are not subordinated, convertible or exchangeable;

(b)do not give a right to subscribe to or acquire other types of securities and are not linked to a derivative instrument;

(c)materialise reception of repayable deposits; and

(d)are covered by a deposit guarantee under directive 94/19/EC of the European Parliament and of the Council on deposit-guarantee schemes.]