# Steel Industry (Nationalisation) Act 2026, Section 5: Meaning of “securities”

Extent: E+W+S+N.I.

(1) In this Part, “securities” includes anything falling within any of the following classes.
(2) Class 1: shares and stock.
(3) Class 2: debentures, including—
(a) debenture stock,
(b) loan stock,
(c) bonds,
(d) certificates of deposit, and
(e) any other instrument creating or acknowledging a debt.
(4) Class 3: warrants or other instruments that entitle the holder to acquire anything in Class 1 or 2.

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Source: https://www.legislation.gov.uk/ukpga/2026/27/section/5 (the official version)
Page: https://openlegislation.uk/steel-industry-nationalisation-act-2026/section-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.