Article 3
The following forms of investment are specified for the purposes of section 20(3)(b) of the Act (powers of the Scottish Ministers, the Northern Ireland departments and the National Assembly for Wales to incur expenditure for the purpose of investment in the body mentioned in section 16 of the Act), namely, the acquisition—
from the Treasury of any debt security issued by the body mentioned in section 16 of the Act;
of any shares in that body, through the exercise of any right, including, in particular, any right of conversion, conferred by any such debt security; and
of any securities issued by that body, through the exercise of any right of pre-emption attaching to any such debt security or to any shares acquired pursuant to paragraph (b) above or section 20(3)(a) of the Act (acquisition from the Treasury of shares required by that body’s articles of association to be issued to the Treasury).