inter-professional investment
any of the following investments specified in Part III of the Regulated Activities Order (Specified investments):
- (a) share (article 76);
- (b) debenture (article 77);
- (c) government and public security (article 78);
- (d) warrant (article 79);
- (e) certificate representing certain securities (article 80);
- (f) option (article 83); for the purposes of the permission regime, this is sub-divided into:
- (i) option (excluding a commodity option and an option on a commodity future);
- (ii) commodity option and option on a commodity future;
- (g) future (article 84); for the purposes of the permission regime, this is sub-divided into:
- (i) future (excluding a commodity future and a rolling spot forex contract);
- (ii) commodity future;
- (iii) rolling spot forex contract;
- (h) contract for differences (article 85); for the purposes of the permission regime, this is sub-divided into:
- (i) contract for differences (excluding a spread bet and a rolling spot forex contract);
- (ii) spread bet;
- (iii) rolling spot forex contract;
- (i) rights to or interests in investments in (a) to (h) (article 89)5.