Stock Transfer Act 1982
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Change 1
SCHEDULE 1 SPECIFIED SECURITIES
Section 2. 1 (1) Securities issued by Her Majesty’s Government in the United Kingdom or the Government of Northern Ireland, not being excluded securities. (2) In sub-paragraph (1) above “excluded securities” means— (a) securities in respect of which a stock certificate issued under Part V of the National Debt Act 1870 is for the time being outstanding; (b) any other bearer securities; and (c) any securities for the time being registered on the National Savings Stock Register. 2 Securities the payment of interest on which is guaranteed by Her Majesty’s Government in the United Kingdom or the Government of Northern Ireland. 3 Securities issued in the United Kingdom by any public authority or nationalised industry or undertaking in the United Kingdom. 4 (1) Securities issued in the United Kingdom by the government of any overseas territory, being securities registered in the United Kingdom. (2) For this purpose— (a) “overseas territory” means any territory or country outside the United Kingdom, and (b) the reference to the government of any overseas territory includes a reference to a government constituted for two or more overseas territories, and to any authority established for the purpose of providing or administering services which are common to, or relate to matters of common interest to, two or more such territories. 5 Securities issued in the United Kingdom by the International Bank for Reconstruction and Development, the Inter-American Development Bank, the European Investment Bank or the European Union being, in each case, securities registered in the United Kingdom. Securities issued in the United Kingdom by the African Development Bank, the Asian Development Bank, Caisse Centrale de Coopération Economique, Crédit Foncier de France, Electricité de France (E.D.F.), Service National or Hydro-Québec, being, in each case, securities registered in the United Kingdom. 6 (1) Debentures issued by the Agricultural Mortgage Corporation PLC, the Commonwealth Development Finance Company Limited, Finance for Industry Public Limited Company or the Scottish Agricultural Securities Corporation Limited. (2) In sub-paragraph (1) above “debentures” includes debenture stock and bonds, whether constituting a charge on assets or not, and loan stock or notes. 7 (1) Securities issued by— (a) any local authority in the United Kingdom; (b) any authority all or the majority of the members of which are appointed or elected by one or more local authorities in the United Kingdom; or (ba) any police and crime commissioner. (bb) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (c) the Receiver for the Metropolitan Police District. (2) In sub-paragraph (1) above “local authority” means— (a) any of the following authorities in England and Wales, namely, the Greater London Authoritya county council . . . , a district council, a London borough council, the Common Council of the City of London , a functional body (within the meaning of the Greater London Authority Act 1999), . . . a joint authority established by Part IV of the Local Government Act 1985 , an economic prosperity board established under section 88 of the Local Democracy, Economic Development and Construction Act 2009, a combined authority established under section 103 of that Act , a combined county authority established under section 9(1) of the Levelling-up and Regeneration Act 2023 ... or the Council of the Isles of Scilly; (b) any council constituted under section 2 of the Local Government etc. (Scotland) Act 1994 (c) a council, within the meaning of the Local Government Act (Northern Ireland) 1972; and any reference to a security issued by a local authority includes a reference to a security the liability for which is for the time being vested in a local authority (being a security issued by an authority which has ceased to exist).
SCHEDULE 1 SPECIFIED SECURITIES
Section 2. 1 (1) Securities issued by Her Majesty’s Government in the United Kingdom or the Government of Northern Ireland, not being excluded securities. (2) In sub-paragraph (1) above “excluded securities” means— (a) securities in respect of which a stock certificate issued under Part V of the National Debt Act 1870 is for the time being outstanding; (b) any other bearer securities; and (c) any securities for the time being registered on the National Savings Stock Register. 2 Securities the payment of interest on which is guaranteed by Her Majesty’s Government in the United Kingdom or the Government of Northern Ireland. 3 Securities issued in the United Kingdom by any public authority or nationalised industry or undertaking in the United Kingdom. 4 (1) Securities issued in the United Kingdom by the government of any overseas territory, being securities registered in the United Kingdom. (2) For this purpose— (a) “overseas territory” means any territory or country outside the United Kingdom, and (b) the reference to the government of any overseas territory includes a reference to a government constituted for two or more overseas territories, and to any authority established for the purpose of providing or administering services which are common to, or relate to matters of common interest to, two or more such territories. 5 Securities issued in the United Kingdom by the International Bank for Reconstruction and Development, the Inter-American Development Bank, the European Investment Bank or the European Union being, in each case, securities registered in the United Kingdom. Securities issued in the United Kingdom by the African Development Bank, the Asian Development Bank, Caisse Centrale de Coopération Economique, Crédit Foncier de France, Electricité de France (E.D.F.), Service National or Hydro-Québec, being, in each case, securities registered in the United Kingdom. 6 (1) Debentures issued by the Agricultural Mortgage Corporation PLC, the Commonwealth Development Finance Company Limited, Finance for Industry Public Limited Company or the Scottish Agricultural Securities Corporation Limited. (2) In sub-paragraph (1) above “debentures” includes debenture stock and bonds, whether constituting a charge on assets or not, and loan stock or notes. 7 (1) Securities issued by— (a) any local authority in the United Kingdom; (b) any authority all or the majority of the members of which are appointed or elected by one or more local authorities in the United Kingdom; or (ba) any police and crime commissioner. (bb) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (c) the Receiver for the Metropolitan Police District. (2) In sub-paragraph (1) above “local authority” means— (a) any of the following authorities in England and Wales, namely, the Greater London Authoritya county council . . . , a district council, a London borough council, the Common Council of the City of London , a functional body (within the meaning of the Greater London Authority Act 1999), . . . a joint authority established by Part IV of the Local Government Act 1985 , an economic prosperity board established under section 88 of the Local Democracy, Economic Development and Construction Act 2009, a combined authority established under section 103 of that Act , a combined county authority established under section 9(1) of the Levelling-up and Regeneration Act 2023 ... or the Council of the Isles of Scilly; (b) any council constituted under section 2 of the Local Government etc. (Scotland) Act 1994 (c) a council, within the meaning of the Local Government Act (Northern Ireland) 1972; and any reference to a security issued by a local authority includes a reference to a security the liability for which is for the time being vested in a local authority (being a security issued by an authority which has ceased to exist).
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