Regulation 6 Meaning of "excluded securities" in regulation 5

(1) In regulation 5 "excluded securities" means - (a) units issued by a collective investment undertaking other than the closed-end type; (b)non-equity securities issued by - (i) the government of any country or territory, (ii) a local or regional authority of any country or territory, (iii) a public international body of which the United Kingdom or any other State is a member, or (iv) the European Central Bank or the central bank of any State; (c) shares in the capital of the central bank of any State; (d) securities unconditionally and irrevocably guaranteed by the government or a local or regional authority of any country or territory; (e) securities issued by a qualifying body; (f) non-fungible shares of capital - (i) the main purpose of which is to provide the holder with a right to occupy any immovable property, and (ii) which cannot be sold without that right being given up; (g) money market instruments, as defined in Article 2(1)(25A) of t

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