Regulation 3 Amendment of Schedule 1A to the principal Regulations
In Schedule 1A to the principal Regulations (assets not to be disregarded as payments under regulation 19(1)(d))f1—
in paragraph 5f2 for the words “paragraph 1, 2, 3 or 4” there shall be substituted the words “paragraphs 1 to 4 or 9A”;
after paragraph 9 there shall be inserted the following paragraphs—
“9AAny commodity or other property of any description not falling within paragraphs 1 to 4 or 6 to 9 of this Schedule and which is capable of being sold on a recognised investment exchange.
9BAny voucher which is capable of being exchanged for an asset falling within any of the foregoing paragraphs of this Schedule.”;
after paragraph 14 there shall be added the following paragraphs—
“15For the purposes of paragraph 9A of this Schedule “a recognised investment exchange” is—
(a)a body recognised as such under the Financial Services Act 1986f3; or
(b)the London Bullion Market.
16In paragraph 9B of this Schedule “voucher” means any voucher, stamp or similar document, whether used singly or together with other such vouchers, stamps or documents.”.
Annotations
Footnotes
- f1
- f2
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Schedule 1A was inserted by regulation 5 of S.I. 1991/2505.
- f3