3In this Schedule “bearer instrument” means—
(a)a marketable security transferable by delivery;
(b)a share warrant or stock certificate to bearer or instrument to bearer (by whatever name called) having the like effect as such a warrant or certificate;
(c)a deposit certificate to bearer;
(d)any other instrument to bearer by means of which stock can be transferred; or
(e)an instrument issued by a non-UK company that is a bearer instrument by usage.