Valid from 15/11/1999
Textual Amendments
F1Sch. 5A inserted (15.11.1999 subject to arts. 5-7 of S.I. 1999/2908) by 1998 c. 36, s. 160, Sch. 26 para. 1(3); S.I. 1999/2908, arts. 1, 2
3(1)For the purposes of exercising their functions with regard to the Debt Management Account the Treasury may—U.K.
(a)acquire (and arrange to acquire) and hold securities issued under section 12 of this Act, Treasury bills issued under the M1Treasury Bills Act 1877, and other financial instruments (by whatever person issued);
(b)transfer (and arrange to transfer) such securities, bills and other instruments.
(2)Acquisitions under sub-paragraph (1)(a) above may be made on issue or otherwise.
(3)Acquisitions, transfers and arrangements under sub-paragraph (1)(a) and (b) above may be made on such terms as the Treasury think fit.]