Paragraph 4A F1
In securities issued in the United Kingdom by the government of an overseas territory within the Commonwealth or by any public or local authority within such a territory, being securities registered in the United Kingdom and 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.
References in this paragraph to an overseas territory or to the government of such a territory shall be construed as if they occurred in the Overseas Service Act 1958.
Annotations
Textual amendments
- F1
Para. 4A 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)