# The Credit Unions (Authorised Investments) Order 1993, Paragraph 4


In this Schedule—
“building society” means a society registered under the Building Societies Act 1986;
“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 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;
“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—
(a) listed on a stock exchange, or
(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.

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Source: https://www.legislation.gov.uk/uksi/1993/3100/schedule/paragraph/4 (the official version)
Page: https://openlegislation.uk/credit-unions-authorised-investments-order-1993/schedule/paragraph-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.