Article 281 Restrictions on voting: interpretationI1

For subsection (1) of section 98^f1 of the Local Government Act 1972 (restrictions on voting: interpretation) substitute—

“(1)

In sections 95 and 97 “securities” means—

(a)

shares;

(b)

instruments creating or acknowledging indebtedness;

(c)

instruments giving entitlements to investments;

(d)

certificates representing securities;

(e)

units in a collective investment scheme;

(f)

rights to, or interests in, any security of the kind mentioned in paragraphs (a) to (e);

(g)

rights (whether actual or contingent) to money lent to, or deposited with—

(i)

a society registered under the Industrial and Provident Societies Act 1965, or

(ii)

a building society within the meaning of the Building Societies Act 1986,

and the definition of securities must be read with section 22 of the Financial Services and Markets Act 2000, any relevant order under that section and Schedule 2 to that Act.”.