90. Government and public Financial Instruments

(1) Subject to sub-paragraph (2), loan stock, bonds and other instruments creating or acknowledging indebtedness, issued by or on behalf of any of the following —
(a) the Board;
(b) the government of any country, jurisdiction or territory outside the Abu Dhabi Global Market;
(c) a local authority; or
(d) a body the members of which comprise —
(i) states or legal jurisdictions including the Abu Dhabi Global Market; or
(ii) bodies whose members comprise states or legal jurisdictions including the Abu Dhabi Global Market.
(2) Subject to sub-paragraph (3), there are excluded from sub-paragraph (1), so far as applicable, the instruments mentioned in paragraph 88(2)(a) to (d).
(3) Sub-paragraph (2) does not exclude an instrument which meets the requirements set out in paragraph 89(2) (a) to (f).