Commission Directive 2007/16/EC

In force

This text since 23 Mar 2007law://eu/dir/2007/16/art_8__para_1@2026-11-14

Contents

1. The reference in Article 1(2) of Directive 85/611/EEC to l…
2. Financial derivative instruments as referred to in Article…
3. For the purposes of the third indent of Article 19(1)(g) o…
4. For the purposes of the third indent of Article 19(1)(g) o…
5. The reference in Articles 1(2) and 19(1)(g) of Directive 8…

1.The reference in Article 1(2) of Directive 85/611/EEC to liquid financial assets shall be understood, with respect to financial derivative instruments, as a reference to financial derivative instruments which fulfil the following criteria:

(a)their underlyings consist in one or more of the following:

(i)assets as listed in Article 19(1) of Directive 85/611/EEC including financial instruments having one or several characteristics of those assets;

(ii)interest rates;

(iii)foreign exchange rates or currencies;

(iv)financial indices;

(b)in the case of OTC derivatives, they comply with the conditions set out in the second and third indents of Article 19(1)(g) of Directive 85/611/EEC.

Commission Directive 2007/16/EC

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