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Securities Investment Business Law (SIBL) defines "securities" as:

  • Shares or stock of any kind of the share capital of a company (endnote)
  • Debentures, loan stock, bonds, certificates of deposit, and any other instrument that creates or acknowledges debt (excluding various banking and monetary instruments e.g. cheques, mortgage instruments, and land charges).
  • Warrants and other instruments that allow the holder to subscribe to certain securities
  • Certificates or other instruments which confer contractual or proprietary rights
  • Options on any security and on any currency, precious metal or an option on an option
  • Futures
  • Rights under contracts for differences (e.g. cash-settled derivatives such as interest rate and stock index futures, forward rate agreements and swaps)

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