European Union:
Secondary EU Legislation Published On Criteria For Identifying A Liquid Market For Package Orders
13 December 2017
Shearman & Sterling LLP
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On November 28, 2017, a Commission Delegated Regulation was
published in the Official Journal of the European Union, on the
criteria for identifying a liquid market for package orders under
the Markets in Financial Instrument Regulation.
The Delegated Regulation sets out criteria for identifying
package orders for which there is a liquid market as a whole and
provides further asset-class specific criteria to be met where a
package order consists exclusively of interest rate derivatives,
equity derivatives, credit derivatives or commodity
derivatives.
The Commission Delegated Regulation is available at: http://eur-lex.europa.eu/legalcontent/EN/TXT/PDF/?uri=CELEX:32017R2194&from=EN
.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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