Commission Delegated Regulation (EU) 2017/2194 Article 3: Asset-class specific criteria for package orders consisting exclusively of equity derivatives

Article 3 - Asset-class specific criteria for package orders consisting exclusively of equity derivatives

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Article 3

Asset-class specific criteria for package orders consisting exclusively of equity derivatives

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The asset-class specific criteria referred to in Article 1(b)(iv) for package orders consisting exclusively of equity derivatives, as referred to in Section 6 of Annex III to Delegated Regulation (EU) 2017/583, shall be the following:

((a))

the package order has no more than two components;

((b))

all components of the package order belong to the same sub-asset class as referred to in Section 6 of Annex III to Delegated Regulation (EU) 2017/583;

((c))

all components of the package order are denominated in the same notional currency of either EUR, USD or GBP;

((d))

all components of the package order have the same underlying index;

((e))

the expiry date of all components of the package order does not exceed 6 months;

((f))

where the package order contains options, all options have the same expiry date.