Template:COBS Section designated investment: Difference between revisions

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(1) a security or a contractually-based investment (other than a funeral plan contract and a right to or interest in a funeral plan contract), that is, any of the following investments, specified in Part III of the Regulated Activities Order (Specified Investments):
(1) a security or a contractually-based investment (other than a funeral plan contract and a right to or interest in a funeral plan contract), that is, any of the following investments, specified in Part III of the Regulated Activities Order (Specified Investments):
:(a) life policy (subset of article 75 (Contracts of insurance)); <br />
:(a) life policy (subset of article 75 (Contracts of insurance)); <br />
:(b) share (article 76);
:(b) [[share]] (article 76);
:(c) debenture (article 77);
:(c) [[debenture]] (article 77);
:(ca) alternative debenture (article 77A);
:(ca) alternative debenture (article 77A);
:(d) government and public security (article 78);
:(d) government and public security (article 78);
:(e) warrant (article 79);
:(e) [[warrant]] (article 79);
:(f) certificate representing certain securities (article 80);
:(f) [[certificate representing certain securities]] (article 80);
:(g) unit (article 81);
:(g) unit (article 81);
:(h) stakeholder pension scheme (article 82(1))
:(h) stakeholder pension scheme (article 82(1))
:(ha) personal pension scheme (article 82(2));
:(ha) personal pension scheme (article 82(2));
:(i) option (article 83); for the purposes of the permission regime, this is sub-divided into:
:(i) [[option]] (article 83); for the purposes of the permission regime, this is sub-divided into:
::(i) option (excluding a commodity option and an option on a commodity future);
::(i) option (excluding a commodity option and an option on a commodity future);
::(ii) commodity option and option on a commodity future;
::(ii) commodity option and option on a commodity future;
:(j) future (article 84); for the purposes of the permission regime, this is sub-divided into:
:(j) [[future]] (article 84); for the purposes of the permission regime, this is sub-divided into:
::(i) future (excluding a commodity future and a rolling spot forex contract);
::(i) future (excluding a commodity future and a rolling spot forex contract);
::(ii) commodity future;
::(ii) commodity future;
::(iii) rolling spot forex contract;
::(iii) rolling spot forex contract;
:(k) contract for differences (article 85); for the purposes of the permission regime, this is sub-divided into:
:(k) [[contract for differences]] (article 85); for the purposes of the permission regime, this is sub-divided into:
::(i) contract for differences (excluding a spread bet and a rolling spot forex contract);
::(i) contract for differences (excluding a spread bet and a rolling spot forex contract);
::(ii) spread bet;  
::(ii) spread bet;  

Latest revision as of 10:10, 25 November 2019

designated investment:
(1) a security or a contractually-based investment (other than a funeral plan contract and a right to or interest in a funeral plan contract), that is, any of the following investments, specified in Part III of the Regulated Activities Order (Specified Investments):

(a) life policy (subset of article 75 (Contracts of insurance));
(b) share (article 76);
(c) debenture (article 77);
(ca) alternative debenture (article 77A);
(d) government and public security (article 78);
(e) warrant (article 79);
(f) certificate representing certain securities (article 80);
(g) unit (article 81);
(h) stakeholder pension scheme (article 82(1))
(ha) personal pension scheme (article 82(2));
(i) option (article 83); for the purposes of the permission regime, this is sub-divided into:
(i) option (excluding a commodity option and an option on a commodity future);
(ii) commodity option and option on a commodity future;
(j) future (article 84); for the purposes of the permission regime, this is sub-divided into:
(i) future (excluding a commodity future and a rolling spot forex contract);
(ii) commodity future;
(iii) rolling spot forex contract;
(k) contract for differences (article 85); for the purposes of the permission regime, this is sub-divided into:
(i) contract for differences (excluding a spread bet and a rolling spot forex contract);
(ii) spread bet;
(iii) rolling spot forex contract;
(l) rights to or interests in investments in (a) to (k) (article 89);

(2) a P2P agreement; and
(3) a long-term care insurance contract which is a pure protection contract.