PRIMARY LEGISLATION

The Licensing (Alcohol Education and Research) Act 1981 (c. 28)

Meaning of “securities”9

1

In subsection (6) of section 3 of the Licensing (Alcohol Education and Research) Act 1981 (final accounts of authorities and powers of liquidators), for the definition of “securities”12 substitute—

  • “securities” means—

    1. a

      shares,

    2. b

      instruments creating or acknowledging indebtedness,

    3. c

      government and public securities,

    4. d

      instruments giving entitlement to investments,

    5. e

      certificates representing securities,

    6. f

      units in a collective investment scheme,

    7. g

      rights to, or interests in, any security of a kind mentioned in paragraphs (a) to (f).

2

After subsection (6) insert—

7

The definition of “securities” in subsection (6) must be read with—

a

section 22 of the Financial Services and Markets Act 2000;

b

any relevant order under that section; and

c

Schedule 2 to that Act.