traded life policy investment

an investment in relation to which one of the following conditions applies:

1. (a) it is a traded life policy other than an endowment assurance policy;
1. (b) its underlying assets are wholly or predominately traded life policies other than endowment assurance policies;
1. (c) its investment returns, or the issuer's payment obligations, are linked to, contingent on, or highly sensitive to, the performance of traded life policies other than endowment assurance policies.