Section 984 | Meaning of “financial instrument”

(1)In this Part “financial instrument” includes—

(a)any money,

(b)any shares or securities,

(c)an option, future or contract for differences if its underlying subject-matter is (or is primarily) one or more financial instruments, and

(d)an instrument the underlying subject-matter of which is (or is primarily) creditworthiness.

(2)For the purposes of subsection (1) if the effect of an instrument depends on an index or factor, the “underlying” subject-matter of the instrument is the matter by reference to which the index or factor is determined.