Paragraph 9A F1
In any securities issued in the United Kingdom by any authority to which paragraph 9 applies for the purpose of borrowing money charged on all or any of the revenues of the authority or on a fund into which all or any of these revenues are payable and being securities in respect of which the rate of interest is variable by reference to one or more of the following:
the Bank of England’s minimum lending rate;
the average rate of discount on allotment on 91-day Treasury Bills;
a yield on 91-day Treasury Bills;
a London sterling inter-bank offered rate;
a London sterling certificate of deposit rate.
Annotations
Textual amendments
- F1
Para. 9A added by virtue of S.I. 1977/1878 art. 3
Notes on the whole Act
Textual amendments
- F1
Act ceases to have effect in part (S.) (1.4.2010) by virtue of The Local Government Investments (Scotland) Regulations 2010 (S.S.I. 2010/122), regs. 1, 4
Notes on Schedule FIRST
Modifications
- C1
Sch. 1 extended (24.6.2003) by The Uncertificated Securities (Amendment) (Eligible Debt Securities) Regulations 2003 (S.I. 2003/1633), reg. 1(1), Sch. 2 para. 2(b)
- C2
Sch. 1 extended (24.6.2003) by The Uncertificated Securities (Amendment) (Eligible Debt Securities) Regulations 2003 (S.I. 2003/1633), reg. 1(1), Sch. 2 para. 8(2)(a)