FSA publishes rules for securitised derivatives

The FSA has published its final rules for the listing of securitised derivatives available to retail investors. Following a consultation period, securitised derivatives, such as covered warrants and certificates, will be classified as derivatives, with effect from 1 August 2002. The derivatives will be listed on the London Stock Exchange and will be freely traded in the same way as stocks and shares. The products enable investors to gain exposure to an underlying instrument, which could include shares, indices, commodities or interest rates, without having to invest directly. FSA ru...