Paragraph 40 Interpretation: “securities”I1 I2

United Kingdom

(1)

In this Schedule “securities” includes anything falling within any of the following classes.

(2)

Class 1: shares and stock.

(3)

Class 2: debentures, including—

(a)

debenture stock,

(b)

loan stock,

(c)

bonds,

(d)

certificates of deposit, and

(e)

any other instrument creating or acknowledging a debt.

(4)

Class 3: warrants or other instruments that entitle the holder to acquire anything in Class 1 or 2.

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