674. Investments to which restrictions do not apply.

The prescribed restrictions on employer-related investments1 do not restrict or prohibit the following investments2:

  1.  

    (1)     sums due from the employer3 to the trustees by virtue of a provision4 in an order of appointment of trustees5 that certain sums are to be treated as a debt due from the employer to the trustees6;

  2.  

    (2)     sums which fall or fell to be treated as debts due from the employer to the trustees or managers by virtue of specified statutory provisions7 and sums which would fall to be so treated by virtue of any of those provisions were they not already debts