Part 1Special Resolution Regime

Transfer of securities

14Interpretation: “securities”

(1)

In this Part “securities” includes anything falling within any of the following classes.

(2)

Class 1: shares and stock.

(3)

Class 2: debentures, including—

(a)

debenture stock,

(b)

loan stock,

(c)

bonds,

(d)

certificates of deposit, and

(e)

any other instrument creating or acknowledging a debt.

(4)

Class 3: warrants or other instruments that entitle the holder to acquire anything in Class 1 or 2.

(5)

Class 4: rights which—

(a)

are granted by a deposit-taker, and

(b)

form part of the deposit-taker's own funds for the purposes of section 1 of Chapter 2 of Title V of Directive 2006/48/EC (on the taking up and pursuit of the business of credit institutions).