Section 987 | Meaning of “quoted Eurobond”

(1)In this Part “quoted Eurobond” means a security, including a share (in particular any permanent interest bearing share as defined in section 117 of TCGA 1992), that—^F1

(a)is issued by a company,

(b)is listed on a recognised stock exchange or admitted to trading on a multilateral trading facility operated by a regulated recognised stock exchange, and^F2F3

(c)carries a right to interest.

(2)For the purposes of this section—^F4

(a)“regulated recognised stock exchange” means a recognised stock exchange that is regulated in the United Kingdom, the European Economic Area or Gibraltar, and^F4

(b)“multilateral trading facility” means—^F4F5

(i)a UK multilateral trading facility within the meaning given by Article 2.1(14A) of Regulation (EU) No 600/2014 of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments,^F4

(ii)an EU multilateral trading facility within the meaning given by Article 2.1(14B) of that Regulation, and^F4

(iii)a Gibraltar multilateral trading facility within the meaning given by Article 26(11)(b)(ii) of that Regulation.^F4F6

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