Status: You are viewing the version of the handbook as on 2009-03-31.

transferable security

3611
      1. (1) (in PR and LR) (as defined in section 102A of the Act) anything which is a transferable security for the purposes of 2829 MiFID 28 29 , other than money-market instruments for the purposes of that directive which have a maturity of less than 12 months.18
      1. (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.
      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: article 4(1)(18) of MiFID]29