Paragraph 11

All investments of a kind which may be valued in accordance with regulation 51 of these Regulations (other than secured debt securities or investments which are listed and readily realisable) issued by any one issuer taken together with—

(a)

all units or other beneficial interests in a collective investment scheme falling within paragraph (c) of regulation 52 above issued by that issuer; and with

(b)

all investments of the kinds mentioned in this paragraph issued by a connected company of that issuer