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You are viewing the version of the document as on 2022-01-28.

approved security

  1. 413(1) (in COLL63) a transferable security that is admitted to official listing in the UK or154 an EEA State or is traded on or under the rules of an eligible securities market (otherwise than by the specific permission of the market authority).
  2. (2) (in2837 INSPRU 37 21 ) any of the following:
    1. (a) any security issued or guaranteed by, or the repayment of the principal of which, or the interest on which, is guaranteed by, and any loans to or deposits with, any government, public or local authority or nationalised industry or undertaking, which belongs to a Zone A country;
    2. (b) any loan to, or deposit with, an approved financial institution;
    3. (c) any debenture issued before 31 December 1994 by the Agricultural Mortgage Corporation Limited or the Scottish Agricultural Securities Corporation Limited.
  3. (3) (in47 COBS 47 ) any of the following:47
    1. (a) any security issued or guaranteed by, or the repayment of the principal of which, or the interest on which is guaranteed by, and any loan to or deposit with, any government, public or local authority or nationalised industry or undertaking that belongs to Zone A as defined in the Banking Consolidation Directive; or47
    2. (b) any loan to, or deposit with, an approved financial institution; or47
    3. (c) debentures issued before 31 December 1994 by the Agricultural Mortgage Corporation Ltd or the Scottish Agricultural Securities Corporation Ltd.47