Paragraph 4

In this Schedule—

• “building society” means a society registered under the Building Societies Act 1986^f1;

• “deferred shares” has the meaning given to that term in section 119(1) of the Building Societies Act 1986;

• “deposits” means deposits as defined in the Banking Act 1987^f2 but excluding transferable instruments;

• “EFTA state” means any of Austria, Finland, Iceland, Liechtenstein, Norway and Sweden;

• “European authorised institution” has the meaning given to that term in regulation 3 of the Banking Coordination (Second Council Directive) Regulations 1992^f3;

• “European deposit-taker” has the meaning given to that term in regulation 82(3) of the Banking Coordination (Second Council Directive) Regulations 1992;

• “fixed-interest securities” means securities on which the rate of interest is fixed by the terms of their issue;

• “relevant date” means, in relation to any security in which an investment is made, the date on which that investment is made;

• “relevant state” means any member State and any EFTA State;

• “securities” means any debt evidenced by any bill of exchange, bond, debenture, debenture stock, or stock which is either—

  1. (a)

     listed on a stock exchange, or

  2. (b)

     traded on a money market supervised by a central bank or a government agency of any relevant state “stock exchange” means any stock exchange in any relevant state;

• “transferable instruments” means transferable bearer instruments and transferable non-bearer instruments as defined in section 7(19) of the Building Societies Act 1986.