Securities
Means shares or bonds issued by shareholding companies, government debt instruments and the following financial instruments:
(a) Shares in companies and other securities equivalent to shares in companies or other entities, and depositary receipts in respect of shares;
(b) Bonds or other forms of debt, including depositary receipts in respect of such securities;
(c) Warrants;
(d) Units, rights or interests (however described) of the participants in a collective investment scheme;
(e) Options, futures and any other derivative contracts relating to commodities that must be settled in cash or may be settled in cash at the option of one of the parties (otherwise than by reason of a default or other termination event);
(f) Options, futures and any other derivative contract relating to commodities that can be physically settled;
(g) Units to Real Estate Investment Trusts (REITs);
(h) Index tracking products including Islamic indices;
(i) Any other financial instrument approved as a financial instrument by the CBB for the purpose of trading such instrument on an exchange;
(j) Islamic securities, being those financial instruments that are Shari'a compliant and
(k) Crypto-assets which exhibit characteristics similar to securities such as:
(i) a crypto-asset which gives right to a financial entitlement, either in form of a pre-determined cash flow (similar to bonds) or a share in profit (similar to equities);
(ii) a crypto-asset which grants decision power in a project to its holders (similar to voting rights); or
(iii) a crypto-asset which represents a monetary claim on the issuer.
Amended: April 2023
Added: July 2011
Added: July 2011