option

the investment, specified in article 83 of the Regulated Activities Order (Options), which is an option to acquire or dispose of:

1. (a) a designated investment (other than an option); or
1. (b) currency of the United Kingdom or of any other country or territory; or
1. (c) palladium, platinum, gold or silver; or
1. (d) an option to acquire or dispose of an option specified in (a), (b) or423 (c)29;29

but so that for the purposes of calculating capital requirements for BIPRU firms and BIPRU 10 (Concentration risk requirements) it also includes any of the items listed in the table in BIPRU 7.6.18 R (Option PRR: methods for different types of option) and any cash settled option.29