Specialist Fund Market - FAQ detail
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Question
Specialist Fund Market securities must be 'freely negotiable'. Is there a definition for this?
Answer
Refer to Article 35 of Chapter V of the Commision Regulation 1287/2006 of 10 August 2006 for further details. In summary, 'transferable securities shall be considered freely negotiable if they can be traded between the parties to a transaction, and subsequently transferred without restriction, and if all securities within the same class as the security in question are fungible'.
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