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

readily realisable investment

    5

    (except in UPRU)44

      1. 44(a) a packaged product;44
      1. (b) a readily realisable security.

    (in UPRU) means a unit in a regulated collective investment scheme, a life policy or any marketable investment other than one which is traded on or under the rules of a recognised or designated investment exchange so irregularly or infrequently:44

      1. (a) that it cannot be certain that a price for that investment will be quoted at all times; or44
      1. (b) that it may be difficult to effect transactions at any price which may be quoted.44