1

Application and Definitions

1.1

This Part applies to every firm that is a CRR firm.

1.2

In this Part the following definitions shall apply:

means a security which gives the investor the right to convert the security into a share at an agreed price on an agreed basis.

means a share.

has the meaning specified in Article 3(1) of the Regulated Activities Order.
means the investment specified in Article 76 of the Regulated Activities Order.

1.3

Unless otherwise defined, any italicised expression used in this Part and defined in the CRR has the same meaning as in the CRR.