# County Court Rules (Northern Ireland) 1981, Rule 3: Interpretation

Extent: N.I.

(1) In this Part, the expression—
“authorised unit trust scheme” has the meaning assigned by section 237(3) of the Financial Services and Markets Act 2000;
“debenture” includes debenture stock and bonds, whether constituting a charge on assets or not, and loan stock or notes;
“fixed-interest securities” means securities which under the terms of issue bear a fixed rate of interest;
“gilt unit trust scheme” means an authorised unit trust scheme, or a recognised scheme, the objective of which is—
(a)to invest at least 90% of the property of the scheme in loan stock, bonds or other instruments creating indebtedness which—
(i)are transferable; and
(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 ...;
(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.
Sub-paragraphs (a) and (b) must be read with—
(i)section 22 of the Financial Services and Markets Act 2000;
(ii)any relevant Order under that section; and
(iii)Schedule 2 to that Act;
“investment trust company” has the meaning assigned by section 842 of the Income and Corporation Taxes Act 1988;
“securities” includes shares, debentures, Treasury Bills and Tax Reserve Certificates;
“share” includes stock;
“Treasury Bills” includes bills issued by Her Majesty’s Government in the United Kingdom and Northern Ireland Treasury Bills;
“variable-interest securities” means securities which under the terms of issue bear a variable rate of interest.
(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Source: https://www.legislation.gov.uk/nisr/1981/225/part/45/chapter/2/rule/3 (the official version)
Page: https://openlegislation.uk/county-court-rules-northern-ireland-1981/part-45/chapter-2/rule-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.