Entire Section

  • GEN A2.1 GEN A2.1 General definition of investments

    • Investments

      • GEN A2.1.1 GEN A2.1.1

        (1) An Investment is, subject to (3), either:
        (a) a Security; or
        (b) a Derivative,
        as defined in GEN Rule A2.1.2 or GEN Rule A2.1.3.
        (2) Such a Security or Derivative includes:
        (a) a right or interest in the relevant Security or Derivative; and
        (b) any instrument declared as a Security or Derivative pursuant to GEN Rule A2.4.1(1).
        (3) Where a Rule provides that a Security or Derivative has a different classification for a specified purpose, it shall have that effect for that specified purpose and no other purpose.
        [Added] DFSA RM62/2008 (Made 4th January 2009). [VER22/01-09]

        • GEN A2.1.1 Guidance

          1.  An example of the application of GEN Rule A2.1.1(3) is GEN Rule A2.1.2(2), where a Derivative is treated as a Security for the purposes of the requirements in PIB.
          [Added] DFSA RM62/2008 (Made 4th January 2009). [VER22/01-09]

    • Security

      • GEN A2.1.2

        (1) For the purposes of GEN Rule A2.1.1(1)(a), a Security is:
        (a) a Share;
        (b) a Debenture;
        (c) a Warrant;
        (d) a Certificate;
        (e) a Unit; or
        (f) a Structured Product.
        (2) For the purposes of the requirements in PIB, each Derivative specified in GEN Rule A2.1.3 is to be treated as a Security.
        [Added] DFSA RM62/2008 (Made 4th January 2009). [VER22/01-09]

    • Derivative

      • GEN A2.1.3

        For the purposes of GEN Rule A2.1.1(1)(b), a Derivative is:

        (a) an Option; or
        (b) a Future.
        [Added] DFSA RM62/2008 (Made 4th January 2009). [VER22/01-09]