Designated investment - FCA Rulebook Term

Section designated investment, COBS Rules

COBS Rules
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.

View Template

Commentary

Conduct of Business

This is an article about the FCA’s conduct of business rules, known by its chapter in the FCA Sourcebook, COBS, which implement, among other things, MiFID (directive 2004/39/EC (EUR Lex) and implementing directive 2006/73/EC (EUR Lex)).