Sch 11 para 23
(1) The securities are investments of a specified kind creating or acknowledging indebtedness issued by or on behalf of a public authority. (2) “ Public authority ” means— (a) the government of the United Kingdom; (b) the government of any country or territory outside the United Kingdom; (c) a local authority in the United Kingdom or elsewhere; (d) any international organisation the members of which include the United Kingdom or another EEA State; and (e) such other bodies, if any, as may be specified.