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Article E5 Interpretation of articles E2 and E4

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

In articles E2 and E4 above “securities” means—

(a)

investments falling within any of paragraphs 1 to 6 of Schedule 1 to the Financial Services Act 1986f1 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 1965f2 or any building society within the meaning of the Building Societies Act 1986f3.

(2)

In article E2 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 or college, school or hall of a university, 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.

Annotations

Footnotes

f1

1986 c. 60.

f2

1965 c. 12.

f3

1986 c. 53.