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The Money Purchase Contracted-out Schemes Regulations 1987

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Regulation 2

SCHEDULE

1.  Insurance policies, or annuity contracts, or both, which are—

(a)issued by either—

(i)a person or body (not being a Friendly Society) which is authorised by virtue of Chapter III of Part I of the Financial Services Act 1986; or

(ii)a Friendly Society which is so authorised and has disclosed in its audited accounts a contributions income of not less than £300,000 in the year 1986 and not less than £400,000 in the year 1987;

and which are—

(b)issued under, or in connection with, arrangements which do not permit the trustees of the scheme to direct the way in which the investment of premiums paid or payable to the person or body, specified in sub-paragraphs (a)(i) or (ii), in respect of those policies or contracts, shall be made.

2.  The units of any unit trust scheme which has been authorised under section 78(1) of, or by virtue of paragraph 9 of Schedule 15 to, the Financial Services Act 1986.

3.  Securities issued by any government, local authority or public authority.

4.  An interest-bearing account with—

(a)a building society as defined in the Building Societies Act 1986(1); or

(b)a bank recognised under the Banking Act 1979(2); or

(c)a deposit taker licensed under the Banking Act 1979.

5.  Securities listed on a recognised Stock Exchange in a member State, other than those mentioned in paragraphs 3 and 11 of this Schedule.

6.  Securities listed on a recognised Stock Exchange in any country other than a member State.

7.  Securities which are not listed on a recognised Stock Exchange but which are traded in a second tier market of a recognised Stock Exchange in a member State.

8.  Securities which are neither listed on a recognised Stock Exchange nor traded in a second tier market in a member State.

9.  The units of any collective investment scheme not authorised under section 78(1) of, or by virtue of paragraph 9 of Schedule 15 to, the Financial Services Act 1986.

10.  Futures and options.

11.  The securities of any investment trust companies.

12.  Land.

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