traded life policy investment
- (a) it is a traded life policy other than an endowment assurance policy;
- (b) its underlying assets are wholly or predominately traded life policies other than endowment assurance policies;
- (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.
122an investment in relation to which one of the following conditions applies: