government and public security

the investment, specified in article 78 of the Regulated Activities Order (Government and public securities), which is in summary: a loan stock, bond or other instrument creating or acknowledging indebtedness, issued by or on behalf of:

1. (a) the government of the United Kingdom; or
1. (b) the Scottish Administration; or
1. (c) the Executive Committee of the Northern Ireland Assembly; or
1. (d) the National Assembly of Wales; or
1. (e) the government of any country or territory outside the United Kingdom; or
1. (f) a local authority in the United Kingdom or elsewhere; or
1. (g) a body the members of which comprise:
   1. (i) States including the United Kingdom or another EEA State; or
   1. (ii) bodies whose members comprise States including the United Kingdom or another EEA State; but excluding:
      1. (A) the instruments specified in article 77(2)(a) to (d) of the Regulated Activities Order;
      1. (B) any instrument creating or acknowledging indebtedness in respect of:
         1. (I) money received by the Director of Savings as deposits or otherwise in connection with the business of the National Savings Bank; or
         1. (II) money raised under the National Loans Act 1968 under the auspices of the Director of Savings or treated as so raised under section 11(3) of the National Debt Act 1972.4