Designated investment - FCA Rulebook Term: Difference between revisions

Designated investment - FCA Rulebook Term (view source)

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 {{a|ukregulation|{{subtable|<small>
-{{cobssnap|designated investment}}<s/small>}}}}In which the {{t|FCA}}, spurred on by the good people of the [[European Commission]], indulge in the four-dimensional Russian doll exercise of figuring out what an “investment” is, for the purposes of what regulation in this crazy higgledy-piggledy world. Notably, it does not include [[Bank account|deposits]] or [[loan|loans]].
+{{cobssnap|designated investment}}<s/small>}}}}In which the {{t|FCA}}, spurred on by the good people of the [[European Commission]], indulge in the four-dimensional Russian doll exercise of figuring out what an “investment” is, for the purposes of what regulation in this crazy higgledy-piggledy world.
+What’s in: Broadly:
+*Shares and [[Tier 1 capital|common equity]] instruments, warrants and so on
+*Debt securities and certificates  — “Debentures”, which we ''take'' to mean negotiable debt securities, though there is some doubt about this as the term isn’t defined and clearly means different things to different people.
+*[[Collective investment scheme]]s
+*Pension funds
+*Exchange-traded and OTC derivatives
+*peer-to-peer credit arrangements
+*Long-term care insurance contracts
+What’s out: Notably, [[Designated investment - FCA Rulebook Term|designated investment]]s do not include [[Bank account|deposits]] or [[loan|loans]] and (fire and general) [[insurance contract]]s.