(1) Shares or stock in the share capital of -
(a) any body corporate (wherever incorporated), and
(b) any unincorporated body constituted under the law of a country or territory outside the United Kingdom.
(2) Paragraph (1) includes -
(a) any shares of a class defined as deferred shares for the purposes of section 119 of the Building Societies Act 1986 or section 31A of the Credit Unions Act 1979 [1986 c. 53.]; and
(b) any transferable shares in a body incorporated under the law of, or any part of, the United Kingdom relating to co-operative and community benefit societies, industrial and provident societies or credit unions, or in a body constituted under the law of another EEA State for purposes equivalent to those of such a body.
(3) But subject to paragraph (2) there are excluded from paragraph (1) shares or stock in the share capital of -
(a) an open-ended investment company;
(b) a building society incorporated under the law of, or any part of, the United Kingdom;
(c) a body incor
…