SCHEDULES

F2SCHEDULE 11ATRANSFERABLE SECURITIES

Annotations:
Amendments (Textual)

PART 2

7

1

Transferable securities issued by a body specified in sub-paragraph (2) if, and only if, the proceeds of the offer of the transferable securities to the public will be used solely for the purposes of the issuer's objectives.

2

The bodies are

a

a charity within the meaning of—

i

section 96(1) of the Charities Act 1993 (c. 10), or

ii

section 35 of the Charities Act (Northern Ireland) 1964 (c. 33 (N.I.));

F1b

a body entered in the Scottish Charity Register;

c

a housing association within the meaning of—

i

section 5(1) of the Housing Act 1985 (c. 68),

ii

section 1 of the Housing Associations Act 1985 (c. 69), or

iii

Article 3 of the Housing (Northern Ireland) Order 1992 (S.I. 1992/1725 (N.I. 15));

d

an industrial and provident society registered in accordance with—

i

section 1(2)(b) of the Industrial and Provident Societies Act 1965 (c. 12), or

ii

section 1(2)(b) of the Industrial and Provident Societies Act (Northern Ireland) 1969 (c. 24 (N.I.));

e

a non-profit making association or body recognised by an EEA State with objectives similar to those of a body falling within any of sub-paragraphs (a) to (d).