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(1) (in COLL and CIS) a transferable security that is admitted to official listing in an EEA State or is traded on or under the rules of an eligible securities market (otherwise than by the specific permission of the market authority).(2) (in LLD and PRU ) any of the following:(a) any security issued or guaranteed by, or the repayment of the principal of which, or the interest on which, is guaranteed by, and any loans to or deposits with, any government, public or local authority or nationalised industry or undertaking, which belongs to a Zone A country;(b) any loan to, or deposit with, an approved financial institution;(c) any debenture issued before 31 December 1994 by the Agricultural Mortgage Corporation Limited or the Scottish Agricultural Securities Corporation Limited.
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any form of security for the discharge of any liability arising from a contingent liability investment (other than a guarantee) which:(a) (in relation to an on-exchange transaction) is acceptable under the rules of the relevant exchange or clearing house; and(b) (in relation to an OTC transaction) would be acceptable for a similar transaction to the relevant exchange or clearing house.
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any depositary:(a) which is subject to regulation by a national regulatory body in connection with its custody services;(b) which is required to prepare audited accounts;(c) whose latest annual audit report is not materially qualified; and(d) which(i) has minimum net assets of £5 million (or its equivalent in any other currency at the relevant time) and has surplus revenue over expenditure for the last two financial years; or(ii) if not, nevertheless has adequate financial resources for its business.
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an interest in any land or building which satisfies the conditions in CIS 5A.8.5 R (Approved immovables).
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(a) an associated call option;(b) a security of any description:(i) which is in all respects uniform with the relevant security; or(ii) for which the relevant security may be exchanged or into which it may be converted; or(iii) which constitutes a right to obtain delivery of the relevant security; or (iv) which the holder of the relevant security has, through his holding of that security, rights to acquire or to subscribe for; or(v) which is issued or guaranteed by the issuer, or by any guarantor, of the relevant security and the prevailing market price of which is, because of similarity with the relevant security in the terms and conditions which attach to each of them respectively, likely to have a material influence on the market price of the relevant security; or(vi) which is a certificate representing a certain security in respect of the relevant security and which is in all material respects uniform with the relevant security in terms of value, size and duration.
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a person in relation to whom the FSA has given its approval under section 59 of the Act (Approval for particular arrangements) for the performance of a controlled function.
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(except in COLL and CIS) (in relation to a bank account opened by a firm):(a) if the account is opened at a branch in the United Kingdom:(i) the Bank of England; or(ii) the central bank of a member state of the OECD; or(iii) a bank; or(iv) a building society which offers, unrestrictedly, banking services; or(v) a bank which is supervised by the central bank or other banking regulator of a member state of the OECD; or(b) if the account is opened elsewhere:(i) a bank in (a); or(ii) a credit institution established in an EEA State other than the United Kingdom and duly authorised by the relevant Home State regulator; or(iii) a bank which is regulated in the Isle of Man or the Channel Islands; or(c) a bank supervised by the South African Reserve Bank; or(d) any other bank that:(in COLL and CIS) any person falling within (a-c).(i) is subject to regulation by a national banking regulator;(ii) is required to provide audited accounts;(iii) has minimum net assets of £5 million (or its equivalent in any other currency at the relevant time) and has a surplus revenue over expenditure for the last two financial years; and(iv) has an annual audit report which is not materially qualified.
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an institution recognised or permitted under the law of an EEA State to carry on any of the activities set out in Annex 1 to the Banking Consolidation Directive.
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a stock lending transaction in respect of which the conditions in PRU 4.3.36 Rhave been met.
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a quasi-derivative in respect of which the conditions in PRU 4.3.5 R are met.
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(in COLL and CIS) a mortgage:(a) which the trustee reasonably believes can be discharged on demand or within 28 days by repayment of all the money secured by the mortgage (including, where appropriate, any additional sum provided for under the mortgage); and(b) on which there is not secured any property, whether immediately or contingently, other than the approved immovable in question.
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any of the following:(a) the European Central Bank;(b) the central bank of an EEA State;(c) the International Bank for Reconstruction and Development;(d) the European Bank for Reconstruction and Development;(e) the International Finance Corporation;(f) the International Monetary Fund;(g) the Inter-American Development Bank;(h) the African Development Bank;(i) the Asian Development Bank;(j) the Caribbean Development Bank;(k) the European Investment Bank;(l) the European Community; and(m) the European Atomic Energy Community.
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any of the following:(a) an approved credit institution; or(b) a firm whose permission includes dealing in investments as principal with respect to derivatives which are not listed; or(c) an ISD investment firm whose authorisation (as referred to in article 3 of the ISD) authorises it to carry on activities of the kind referred to in (b); or(d) in respect of a transaction involving a new issue of securities which are to be listed, the issuer or an ISD investment firm acting on behalf of the issuer.