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Article 9 Interpretation of articles 6, 7 and 8

Original text. Later amendments are not shown.

(1)

In articles 6 and 8 above “securities” means—

(a)

an investment falling within any of paragraphs 1 to 6 of Schedule 1 to the Financial Services Act 1986 or, so far as relevant to any of those paragraphs, paragraph 11 of that Schedule; or

(b)

rights (whether actual or contingent) in respect of money lent to, or deposited with, any society registered under the Industrial and Provident Societies Act 1965f1 or any building society within the meaning of the Building Societies Act 1986f2.

(2)

In article 6 above “public body” includes any body established for the purpose of carrying on under national ownership any industry or part of an industry or undertaking, the governing body of any university, university college, college or school, the National Trust for Places of Historic Interest or Natural Beauty and the National Trust for Scotland for Places of Historic Interest or Natural Beauty.

(3)

In article 7 “proper officer” means the officer appointed by the Authority for that purpose.

Annotations

Footnotes

f1

1965 c. 12.

f2

1986 c. 53.