transferable security
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- (1) (in PR and LR) (as defined in section 102A of the Act) anything which is a transferable security for the purposes of 28 MiFID 28 , other than money-market instruments for the purposes of that directive which have a maturity of less than 12 months.18
- (2) 18(in COLL and CIS) an investment within COLL 5.2.7 R (transferable securities), CIS 5.2.9 R (Transferable securities) or, as the case may be, CIS 5A.2.9 R (Transferable securities) in relation to schemes falling under COLL 5, CIS 5 or CIS 5A respectively.