+Article 10 1.

Article 10 1.

For the purposes of Section C(4) of Annex I to Directive 2014/65/EU, other derivative contracts relating to a currency shall not be a financial instrument where the contract is one of the following:

(a) 

a spot contract within the meaning of paragraph 2 of this Article,

(b) 

a means of payment that:

(i) 

must be settled physically otherwise than by reason of a default or other termination event;

(ii) 

is entered into by at least a person which is not a financial counterparty within the meaning of Article 2(8) of Regulation (EU) No 648/2012 of the European Parliament and of the Council ( 8 );

(iii) 

is entered into in order to facilitate payment for identifiable goods, services or direct investment; and

(iv) 

is not traded on a trading venue.

1. Übersicht

,

1.1 Referenzen

1.2 Identifizierte Anforderungen

1.3 Zugehörige Standards

2. Identifizierte Anforderungen

Anforderungen

3. Zugehörige Standards

Standards