Schedule 2 PRESCRIBED INVESTMENTS
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 days 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
- f2