Chapter IV, Article 37, Paragraph 2. · Commission Delegated Regulation (EU) 2016/2251

Contents

1. Articles 9(1), 10 and 12, shall apply as follows:
2. By way of derogation from paragraph 1 in respect of contra…
3. By way of derogation from paragraph 1, where the condition…2 changes
4. The derogation referred to in paragraph 3 shall only apply…1 change

2.By way of derogation from paragraph 1 in respect of contracts for foreign exchange forwards referred to in point (a) of Article 27, Articles 9(1), 10 and 12 shall apply on one of the following dates, whichever is earlier:

(a)31 December 2018, where the Regulation referred to in point (b) does not yet apply;

(b)the date of entry into application of the Commission Delegated Regulation^note specifying some technical elements related to the definition of financial instruments with regard to physically settled foreign exchange forwards or the date determined pursuant to paragraph 1, whichever is later.