The limit in paragraph 4 of the table does not apply to a Government loan.

In this Schedule—

• “collective investment scheme” has the meaning given in section 235 of the 2000 Act;

• “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 196320 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 236 of the 2000 Act which is an undertaking for collective investment schemes to which Council Directive No. 85/611/EEC co-ordinating the laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities, as last amended by European Parliament and Council Directive No. 2001/108/EC21 applies;

• “relevant institution” means—

  1. a

     a person who has permission under Part 4 of the 2000 Act (permission to carry on regulated activities) to accept deposits;

  2. b

     an EEA firm of the kind mentioned in paragraph 5(b) of Schedule 3 (EEA passport rights) to that Act22 which has permission under paragraph 15(1) of that Schedule23 (as a result of qualifying for authorisation under paragraph 12 of that Schedule) to accept deposits; or

  3. c

     a person who is an exempt person in respect of accepting deposits as a result of an order made under section 38(1) of that Act (exemption orders);

• “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.