(1)In this Act, unless the subject or context otherwise requires—

(2)Any reference in this Act to property or liabilities of HSBC Investment Bank is a reference to property or liabilities—

(a)wherever they are situated or arise;

(b)whether or not they are capable of being transferred or assigned by HSBC Investment Bank; and

(c)whether HSBC Investment Bank is entitled or subject to them under the law of any part of the United Kingdom or under the law of any country or territory outside the United Kingdom.