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Status: Please note you should read all Brexit changes to the FCA Handbook and BTS alongside the main FCA transitional directions. Where these directions apply the 'standstill', firms have the choice between complying with the pre-IP completion day rules, or the post-IP completion day rules. To see a full list of Handbook modules affected, please see Annex B to the main FCA transitional directions.

transferable security

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      1. (1) (in PRR90 and LR) (as defined in section 102A of the Act) anything which is a transferable security for the purposes of 28292829MiFIR86, other than money-market instruments for the purposes of MiFIR86 which have a maturity of less than 12 months.18
      1. (2) 18(in COLL37) an investment within COLL 5.2.7 R (37Transferable37 securities)3737 in relation to schemes falling under COLL 5.37
      1. (3) those classes of securities which are negotiable on the capital market, with the exception of instruments of payment, such as:29
        1. (a) shares in companies and other securities equivalent to shares in companies, partnerships or other entities, and depositary receipts in respect of shares;29
        1. (b) bonds or other forms of securitised debt, including depositary receipts in respect of such securities; and29
        1. (c) any other securities giving the right to acquire or sell any such transferable securities or giving rise to a cash settlement determined by reference to transferable securities, currencies, interest rates or yields, commodities or other indices or measures.29
        [Note: article792(24)86 of MiFIR86]29