Section 102A: Meaning of "securities" etc., Financial Services and Markets Act 2000

This section applies for the purposes of this Part.

"Securities" means (except in section 74(2) and the expression "transferable securities") anything which has been, or may be, admitted to the official list.

"Transferable securities" means anything which is a transferable security for the purposes of the markets in financial instruments regulation, other than money-market instruments for the purposes of that regulation which have a maturity of less than 12 months.

"Debt securities" means bonds or other forms of transferable securitised debts, with the exception of—

transferable securities which are equivalent to shares, and

transferable securities which, if converted or if the rights conferred by them are exercised, give rise to a right to acquire—

shares, or

transferable securities equivalent to shares.

"Financial instrument" means those instruments specified in Part 1 of Schedule 2 to the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001.

"Non-equity transferable securities" means all transferable securities that are not equity securities; and for this purpose the following are "equity securities"—

shares,

other transferable securities which are equivalent to shares, and

transferable securities which—

are within neither of paragraphs (a) and (b),

give the right to acquire securities within paragraph (a) or (b) if converted or if the rights conferred by them are exercised, and

are issued by the issuer of the underlying shares or by an entity belonging to the group of that issuer.

"Issuer"—

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

in relation to transparency rules, means a ... person whose securities are admitted to trading on a regulated market or whose voting shares are admitted to trading on a UK market other than a regulated market, and in the case of depository receipts admitted to trading on a regulated market, the issuer is the issuer of the securities represented by the depository receipt, whether or not those securities are admitted to trading on a regulated market;

in relation to anything else which is or may be admitted to the official list, has such meaning as may be prescribed by the Treasury, and

in any other case, means a person who issues financial instruments.

Section 102A: Meaning of "securities" etc.

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