Status: You are viewing the version of the handbook as on 2016-04-06.


      1. 55
        1. (1) (except in CONC App 1.1) only the purchase and sale of a financial instrument. For the purposes of the MiFID Regulation, excluding Chapter II, this does not include:
          1. (a) securities financing transactions; or
          1. (b) the exercise of options or covered warrants; or
          1. (c) primary market transactions (such as issuance allotment or subscription) in financial instruments falling within Article 4(1)(18)(a) and (b) of MiFID.
        1. (2) (in CONC App 1.3, except in CONC App 1.1.6R (1)(c)) a credit agreement, any transaction which is a linked transaction, any contract for the provision of security relating to the credit agreement, any credit broking contract relating to the credit agreement and any other contract to which the borrower or a relative of his is a party and which the lender requires to be made or maintained as a condition of the making of the credit agreement.

    [Note: article 5 of the MiFID Regulation]