494(1) In section 493“qualifying investments”, in relation to an open-ended investment company, a unit trust scheme or an offshore fund, means investments of the company, scheme or fund of any of the following descriptions–
(a)money placed at interest,
(c)shares in a building society,
(d)qualifying holdings in an open-ended investment company, a unit trust scheme or an offshore fund,
(e)alternative finance arrangements,
(f)derivative contracts whose underlying subject matter consists wholly of any one or more of–
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