76.—(1) Shares or stock in the share capital of—
(a)any body corporate (wherever incorporated), and
(b)any unincorporated body constituted under the law of a country or territory outside the United Kingdom.
(2) Paragraph (1) includes—
(a)any shares of a class defined as deferred shares for the purposes of section 119 of the Building Societies Act 1986(1); and
(b)any transferable shares in a body incorporated under the law of, or any part of, the United Kingdom relating to industrial and provident societies or credit unions, or in a body constituted under the law of another EEA State for purposes equivalent to those of such a body.
(3) But subject to paragraph (2) there are excluded from paragraph (1) shares or stock in the share capital of—
(a)an open-ended investment company;
(b)a building society incorporated under the law of, or any part of, the United Kingdom;
(c)a body incorporated under the law of, or any part of, the United Kingdom relating to industrial and provident societies or credit unions;
(d)any body constituted under the law of an EEA State for purposes equivalent to those of a body falling within sub-paragraph (b) or (c).