Article 104 3.

instruments designated for securitisation warehousing;

real estate holdings-related instruments;

unlisted equities;

instruments related to retail and SME credit;

positions in other CIUs than those referred to in paragraph 2, point (f);

derivative contracts and CIUs with one or more of the underlying instruments referred to in points (a) to (d) of this paragraph;

instruments held for hedging a particular risk of one or more positions in an instrument referred to in points (a) to (f), (h) and (i) of this paragraph;

own liabilities of the institution, unless such instruments meet the criteria referred to in paragraph 2, point (e), or the criteria referred to in paragraph 2, third subparagraph;

instruments in hedge funds.