contract for differences
- (a) a contract for differences; or
- (b) any other contract the purpose or pretended purpose of which is to secure a profit or avoid a loss by reference to fluctuations in:
- (i) the value or price of property of any description; or
- (c) a derivative instrument for the transfer of credit risk to which article 85(3) of the Regulated Activities Order applies.52[Note: paragraph 8 of Section C of Annex 1 to MiFID]52
the investment, specified in article 85 of the Regulated Activities Order (Contracts for differences etc), which is 3in summary 69rights under: