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      1. (1) (except in51 COLL 51 , LR3449,4948 DTR 48 and REC 49 ) the investment, specified in article 76 of the Regulated Activities Order (Shares etc), which is in summary: a share or stock in the share capital of:
        1. (a) any body corporate (wherever incorporated);
        1. (b) any unincorporated body constituted under the law of a country or territory outside the United Kingdom.
      1. (2) (in51 COLL 51 ):
        1. (a) (in relation to an ICVC) a share in the ICVC (including both smaller denomination shares and larger denomination shares);
        1. (b) (otherwise) an investment within (1).5
      1. (3) (in48 DTR 48 and LR34, and in FEES where relevant to48 DTR 48 or LR38,) (in accordance with section 5660744 of the Companies Act 198560) a share in the share capital of a company, and includes: 30
        1. (a) stock (except where a distinction between shares and stock is express or implied);67
        1. (b) preference shares; and
        1. (c) in chapters 4, 567, 6 and 767 of DTR a convertible share.48
      1. (4) (in REC) shares admitted to trading on a regulated market.49