Paragraph 2 C1C2
United Kingdom
Debentures, including debenture stock, loan stock, bonds, certificates of deposit and other instruments creating or acknowledging indebtedness, not being instruments falling within paragraph 3 below.
Note. This paragraph shall not be construed as applying—
to any instrument acknowledging or creating indebtedness for, or for money borrowed to defray, the consideration payable under a contract for the supply of goods or services;
to a cheque or other bill of exchange, a banker’s draft or a letter of credit; or
to a banknote, a statement showing a balance in a current, deposit or savings account or (by reason of any financial obligation contained in it) to a lease or other disposition of property, a heritable security or an insurance policy.
Annotations
Modifications
- C1
-
Sch. 1 para. 2 applied (with modifications) (19.6.1995) by S.I. 1995/1537, reg. 3(1)(b)(2)(a)-(d)
Sch. 1 para. 2 applied (6.4.1997) by 1995 c. 26, s. 40(2); S.I. 1997/664, art. 2(3), Sch. Pt. II
- C2
-
Sch. 1 para. 2 modified (1.1.1996) by S.I. 1995/3271, art. 4
Notes on the whole Act
Textual amendments
- F1
Act repealed (1.12.2001) by The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001 (S.I. 2001/3649), arts. 1, 3(1)(c) (with savings in art. 292)
Notes on Schedule 1
Modifications
- C1
-
Sch. 1 amended by S.I. 1988/496, art. 4
- C2
-
Sch. 1 amended by S.I. 1988/803, art. 5