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Insolvency Act 1986

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Changes to legislation:

Insolvency Act 1986, Paragraph 2 is up to date with all changes known to be in force on or before 27 February 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

Capital market investmentE+W+S

[F12(1)For the purposes of section 72B an investment is a capital market investment if it—

(a)is within article 77 [F2or 77A] of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 (S.I. 2001/544) (debt instruments), and

(b)is rated, listed or traded or designed to be rated, listed or traded.

(2)In sub-paragraph (1)—

  • rated” means rated for the purposes of investment by an internationally recognised rating agency,

  • listed” means admitted to the official list within the meaning given by section 103(1) of the Financial Services and Markets Act 2000 (c. 8) (interpretation), and

  • traded” means admitted to trading on a market established under the rules of a recognised investment exchange or on a foreign market.

(3)In sub-paragraph (2)—

  • recognised investment exchange” has the meaning given by section 285 of the Financial Services and Markets Act 2000 (recognised investment exchange), and

  • foreign market” has the same meaning as “relevant market” in article 67(2) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2001 (S.I. 2001/1335) (foreign markets).]

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