contractually based investment

    (in accordance with article 3(1) of the Regulated Activities Order (Interpretation)):

      1. (a) a life policy (except a long-term care insurance contract which is not a qualifying contract of insurance);
      1. (b) an option, future, contract for differences or funeral plan contract;
      1. (c) rights to or interests in an investment falling within (a) or (b).
Glossary Legal Instruments