(1)

(a) securities issued by the State,

(b) securities guaranteed as to capital and interest by the Minister for Finance or any other Minister of the Government,

(c) securities (other than shares) of a relevant State body that either -

(i) had net assets of not less than £100 million at the end of each of the three financial years immediately preceding the date of the investment, or

(ii) is referred to in section 7(4)(a)(ii) (inserted by section 30 of the Central Bank Act, 1989) of the Central Bank Act, 1971,

(d) securities (other than shares) of an authorised credit institution -

(i) having maturity dates that are one year or less after the dates of their issue, or

(ii) that are listed on a recognised exchange if such securities have maturity dates that are more than one year after the dates of their issue,

(e) securities of an issuer that have a rating -