In this Schedule—

• “Collective investment scheme” has the meaning given in section 75 of the Financial Services Act 198613;

• “Companies” includes companies established under the law of any territory outside the United Kingdom;

• “Government loan” means a loan—

  1. a

     to Her Majesty’s Government in the United Kingdom, or

  2. b

     to the Government of the Isle of Man;

• “Listed securities” means securities quoted on a recognised stock exchange;

• “Loan” does not include—

  1. a

     investing money in registered securities to which section 1 of the Stock Transfer Act 196314 applies (transfer by stock transfer forms) or in listed securities, or

  2. b

     depositing money with a relevant institution;

  and “lent” must be understood in that way.

• “Open-ended investment company” means an open-ended investment company as defined in section 75(8) of the Financial Services Act 1986 which is an undertaking for collective investment schemes to which the Council Directive No.85/611/EEC co-ordinating the laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities15, as amended, applies;

• “Single holding” means investments—

  1. a

     in securities of, or in loans to or deposits with, any one body,

  2. b

     in units or other shares of the investments subject to the trust of any one unit trust scheme, or

  3. c

     in transactions involving any one piece of land or other property;

• “Unlisted securities” means securities which are not quoted on a recognised stock exchange.