Summary
A new Legal Notice laying down the Designated Financial Instruments Regulations has entered into force as of last week.
cONTINUE rEADING
A new Legal Notice laying down the Designated Financial Instruments Regulations has entered into force as of last week. These regulations lay down the categories or classes of financial instruments that are considered to be “designated financial instruments” for the purposes of the Financial Markets Act, as a result of which the register of these particular entities will be maintained in a central securities depository or in an overseas central securities depository.
Accordingly, these “designated financial instruments” were listed as the following:
- shares in companies and other securities equivalent to shares in companies, partnerships or other entities, and depository receipts in respect of shares;
- bonds or other forms of securitised debt, including depository receipts in respect of such securities and including government stocks;
- treasury bills;
- certificates of deposits; and
- units in collective investment schemes.
