1. Units (within the meaning in section 237(2)) in an open-ended collective investment scheme.
2. Non-equity transferable securities issued by
(a) the government of an EEA State;
(b) a local or regional authority of an EEA State;
(c) a public international body of which an EEA State is a member;
(d) the European Central Bank;
(e) the central bank of an EEA State.
3. Shares in the share capital of the central bank of an EEA State.
4. Transferable securities unconditionally and irrevocably guaranteed by the government, or a local or regional authority, of an EEA State.
(1) Non-equity transferable securities, issued in a continuous or repeated manner by a credit institution, which satisfy the conditions in sub-paragraph (2).
(2) The conditions are that the transferable securities -
(a) are not subordinated, convertible or exchangeable;
(b) do not give a right to subscribe to or acquire other types of securities and are not linked to a derivative instrument;
(c) ma