2.The reference in Article 1(9) of Directive 85/611/EEC to money market instruments as instruments normally dealt in on the money market shall be understood as a reference to financial instruments which fulfil one of the following criteria:
(a)they have a maturity at issuance of up to and including 397 days;
(b)they have a residual maturity of up to and including 397 days;
(c)they undergo regular yield adjustments in line with money market conditions at least every 397 days;
(d)their risk profile, including credit and interest rate risks, corresponds to that of financial instruments which have a maturity as referred to in points (a) or (b), or are subject to a yield adjustment as referred to in point (c).