{
  "url": "https://openlegislation.uk/county-court-rules-northern-ireland-1981/part-45/chapter-2/rule-3",
  "json_url": "https://openlegislation.uk/county-court-rules-northern-ireland-1981/part-45/chapter-2/rule-3.json",
  "legislation": "nisr/1981/225",
  "legislation_title": "County Court Rules (Northern Ireland) 1981",
  "legislation_url": "https://openlegislation.uk/county-court-rules-northern-ireland-1981",
  "path": "part/45/chapter/2/rule/3",
  "kind": "rule",
  "number": "3",
  "heading": "Interpretation",
  "text": "(1) In this Part, the expression—\n“authorised unit trust scheme” has the meaning assigned by section 237(3) of the Financial Services and Markets Act 2000;\n“debenture” includes debenture stock and bonds, whether constituting a charge on assets or not, and loan stock or notes;\n“fixed-interest securities” means securities which under the terms of issue bear a fixed rate of interest;\n“gilt unit trust scheme” means an authorised unit trust scheme, or a recognised scheme, the objective of which is—\n(a)to invest at least 90% of the property of the scheme in loan stock, bonds or other instruments creating indebtedness which—\n(i)are transferable; and\n(ii)are issued or guaranteed by the Government of the United Kingdom or of any other country or territory, by a local authority in the United Kingdom ..., or by an international organisation the members of which include the United Kingdom ...;\n(b)to invest the remainder of the property of the scheme in shares, debentures or other instruments creating or acknowledging indebtedness, certificates representing securities or units in a collective investment scheme.\nSub-paragraphs (a) and (b) must be read with—\n(i)section 22 of the Financial Services and Markets Act 2000;\n(ii)any relevant Order under that section; and\n(iii)Schedule 2 to that Act;\n“investment trust company” has the meaning assigned by section 842 of the Income and Corporation Taxes Act 1988;\n“securities” includes shares, debentures, Treasury Bills and Tax Reserve Certificates;\n“share” includes stock;\n“Treasury Bills” includes bills issued by Her Majesty’s Government in the United Kingdom and Northern Ireland Treasury Bills;\n“variable-interest securities” means securities which under the terms of issue bear a variable rate of interest.\n(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .",
  "extent": "N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in Order 45 rule 3(1) omitted (31.12.2020) by virtue of The County Court (Amendment) Rules (Northern Ireland) 2019 (S.R. 2019/234), rules 1, 3(7)(a); 2020 c. 1, Sch. 5 para. 1(1)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Order 45 rule 3(2) omitted (31.12.2020) by virtue of The County Court (Amendment) Rules (Northern Ireland) 2019 (S.R. 2019/234), rules 1, 3(7)(b); 2020 c. 1, Sch. 5 para. 1(1)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/nisr/1981/225/part/45/chapter/2/rule/3",
    "retrieved_at": "2026-10-29T03:45:17.527867+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}