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What is a non-readily realisable security?

The Financial Conduct Authority (FCA) created the term ‘non-readily realisable security’ in 2014 to describe certain types of investments which are difficult to price and for which there is no or only a limited secondary market. These are primarily equity or debt securities of small and medium enterprises which are longer-term investments and carry more risk of capital loss.

Examples of instruments which are considered ‘readily realisable’ include:

  • government instruments issued in their local currency
  • a security (e.g. shares or bonds) admitted to official listing on a recognised stock exchange in the EEA or recognised investment exchange elsewhere in the world
  • personal investment products such as unit trusts, investment trusts, personal pension schemes
  • shares issued in mutual societies or credit unions

Since investments you may have made via the Fundy platform do not fall into the above examples, they would be considered ‘non-readily realisable securities’.

You can review the full definition on the FCA’s website here:

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You should ensure you carefully read the Risk Disclosure Statement before deciding to proceed with any investment or transaction, including making a purchase of securities via the Marketplace. Fundy has taken steps to ensure that company and securities offering information is clear, fair and not misleading in accordance with its internal verification procedures. Fundy does not provide investment advice or any recommendation to invest. Any investment opportunity on this website should not be considered as an offer to the public and is not directed at or offered to anyone to whom it may not be so directed or offered, or located in a jurisdiction where it is unlawful to do so.

This page provides you with an overview of the services provided by different entities belonging to Fundy Group. In this page, we generally refer to the group as “Fundy”, “we”, “us” or “our”. It is important to note that funds are raised, investments made and trade orders placed through Fundy Pte. Ltd. (authorised and regulated by the UK Financial Conduct Authority under FRN 794918) or Fundy Markets Pte Ltd (licensed and regulated by the Monetary Authority of Singapore under Capital Markets Services (CMS) license CMS100863) and Fundy Markets AS (authorised and regulated by the Estonian Financial Supervision Authority under permit 4.1-1/212).

The Marketplace is operated as an organised market by Fundy Markets Pte Ltd in Singapore as a Recognised Market Operator (RMO) under the supervision of the Monetary Authority of Singapore.