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specified investment

    any of the following investments specified in Part III of the Regulated Activities Order (Specified Investments):

      1. (a) deposit (article 74);
      1. (aa) electronic money (article 74A);
      1. (b) contract of insurance (article 75); for the purposes of the permission regime, this is sub-divided into:
        1. (i) general insurance contract;
        1. (ii) long-term insurance contract;
        and then further sub-divided into classes of contract of insurance;
      1. (c) share (article 76);
      1. (d) debenture (article 77);
      1. (e) government and public security (article 78);
      1. (f) warrant (article 79);
      1. (g) certificate representing certain securities (article 80);
      1. (h) unit (article 81);
      1. (i) stakeholder pension scheme (article 82(1)40);
      1. (ia) personal pension scheme (article 82(2));40
      1. (j) option (article 83); for the purposes of the permission regime, this is sub-divided into:
        1. (i) option (excluding a commodity option and an option on a commodity future);
        1. (ii) commodity option and an option on a commodity future;
      1. (k) future (article 84); for the purposes of the permission regime, this is sub-divided into:
        1. (i) future (excluding a commodity future and a rolling spot forex contract);
        1. (ii) commodity future;
        1. (iii) rolling spot forex contract;
      1. (l) contract for differences (article 85); for the purposes of the permission regime, this is sub-divided into:
        1. (i) contract for differences (excluding a spread bet and a rolling spot forex contract);
        1. (ii) spread bet;
        1. (iii) rolling spot forex contract;
      1. (m) underwriting capacity of a Lloyd's syndicate (article 86(1));
      1. (n) membership of a Lloyd's syndicate (article 86(2));
      1. (o) funeral plan contract (article 87);
      1. (oa) regulated mortgage contract (article 61(3);1518
      1. 42(ob) home reversion plan (article 63B(3));
      1. 42(oc) home purchase plan (article 63F(3));
      1. (p) rights to or interests in investments (article 89).547