Section 14 Interpretation: “securities”I1

United Kingdom

(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 F1Title 1 of Part 2 of F2the capital requirements regulation.

Annotations

F1: Words in s. 14(5)(b) substituted (1.1.2014) by The Capital Requirements Regulations 2013 (S.I. 2013/3115), reg. 1(2), Sch. 2 para. 45(2)
F2: Words in s. 14(5)(b) substituted (31.12.2020) by The Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1394), reg. 1(2), Sch. 1 para. 17; 2020 c. 1, Sch. 5 para. 1(1)

C1: Pt. 1 restricted (7.1.2010) by Banking Act 2009 (Exclusion of Insurers) Order 2010 (S.I. 2010/35), arts. 1, 2
C2: Pt. 1: power to amend conferred (1.3.2014) by Financial Services (Banking Reform) Act 2013 (c. 33), ss. 17(3)(f), 148(5); S.I. 2014/377, art. 2(1)(b), Sch. Pt. 2

F1: Pt. 1 Ch. 3 formed from ss. 4-83 (1.1.2015) by The Bank Recovery and Resolution Order 2014 (S.I. 2014/3329), arts. 1(2), 7