[102A Meaning of “securities” etc]
[102A Meaning of “securities” etc]

[(1)     This section applies for the purposes of this Part.

(2)     “Securities” means (except in section 74(2) and the expression “transferable securities”) anything which has been, or may be, admitted to the official list.

(3)     “Transferable securities” means anything which is a transferable security for the purposes of [the markets in financial instruments directive [regulation]], other than money-market instruments for the purposes of that directive [regulation] which have a maturity of less than 12 months.

[(3A)     “Debt securities” has the meaning given in Article 2.1(b) of the transparency obligations directive.]

[(3A)     “Debt securities” means bonds or other forms of transferable securitised debts, with the exception of—

(a)     transferable securities which are equivalent to shares, and