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traded life policy investment

124an investment in relation to which one of the following conditions applies:

  1. (a) it is a traded life policy other than an endowment assurance policy;
  2. (b) its underlying assets are wholly or predominately traded life policies other than endowment assurance policies;
  3. (c) its investment returns, or the issuer's payment obligations, are linked to, contingent on, or highly sensitive to, the performance of traded life policies other than endowment assurance policies.