The Friendly Societies (Insurance Business) Regulations 1993

PART III

16.  In this Schedule “recognised stock exchange” means any of the following—

(a) any stock exchange in any of the countries specified below which is a stock exchange within the meaning of the law of that country relating to stock exchanges—

• Austria; Belgium; Brazil; Greece; Iceland; Republic of Ireland; Italy; Japan; Liechtenstein; Luxembourg; Mexico; Netherlands; New Zealand; Norway; Portugal; Spain; Sweden; Switzerland;

(b) the Stock Exchange; the Copenhagen Stock Exchange; the Helsinki Stock Exchange; the Johannesburg Stock Exchange; the Kuala Lumpur Stock Exchange; the Singapore Stock Exchange;

(c) any stock exchange in Australia which is a member of the Australian Associated Stock Exchanges, being a prescribed stock exchange within the meaning of Australian law relating to stock exchanges;

(d) any stock exchange prescribed for the purposes of the Canadian Income Tax Act;

(e) any stock exchange approved under the laws relating to stock exchanges in the Federal Republic of Germany;

(f) any stock exchanges set up in France in accordance with the French legislation;

(g) any stock exchange in Hong Kong which is recognised under the laws of Hong Kong;

(h) any exchange registered with the Securities and Exchange Commission of the United States as a national securities exchange.

17.  For the purposes of this Schedule the expression “traded option” does not include an option granted by the company to the securities of which the option relates, but otherwise means any traded option, whether within the meaning of regulation 19(1) above or not.