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Schedule 2 PRESCRIBED INVESTMENTS

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

The investments prescribed in this Schedule are–

(a)

a deposit with the Bank of England or an institution authorised under Part I of the Banking Act 1987f1;

(b)

a deposit with a building society incorporated (or deemed to be incorporated) under the Building Societies Act 1986f2;

(c)

if the deposit is repayable at not more than 7 day’s notice, a deposit with a body (other than the charging authority) which is for the time being specified in paragraph 12 or 13 of Schedule 2 to the Banking Act 1987.

Annotations

Footnotes

f1

1987 c. 22.

f2

1986 c. 53.