5

Subsections (6) to (10) apply for the purposes of sections 656 and 657 and this section.

6

“UK shares” means shares in a UK resident company.

7

“UK securities” means securities of—

a

the government of the United Kingdom,

b

a local authority in the United Kingdom,

c

another public authority in the United Kingdom, or

d

a UK resident company or other UK resident body.

8

But “UK securities” does not include UK shares.

9

“Overseas securities” means shares, stock or other securities issued by—

a

a government, local authority or other public authority of a territory outside the United Kingdom, or

b

another non-UK resident body of persons.

10

“Overseas securities” includes shares in a non-UK resident company.