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securities

as defined in Regulation (EU) 2017/1129 of the European Parliament and of the Council of…, Article 2, point (a) (Definitions)

(a) 

‘securities’ means transferable securities as defined in point (44) of Article 4(1) of Directive 2014/65/EU with the exception of money market instruments as defined in point (17) of Article 4(1) of Directive 2014/65/EU, having a maturity of less than 12 months;

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