82,972
edits
Dealing on own account: Difference between revisions
no edit summary
Amwelladmin (talk | contribs) No edit summary |
Amwelladmin (talk | contribs) No edit summary |
||
| Line 24: | Line 24: | ||
The contracts in commodity derivatives or [[emission allowances derivatives]] for cash settlement referred to in the first and second subparagraph shall include all derivative contracts relating to commodities or [[emission allowances]] which must be settled in cash or may be settled in cash at the option of one of the parties other than by reason of default or other termination event. | The contracts in commodity derivatives or [[emission allowances derivatives]] for cash settlement referred to in the first and second subparagraph shall include all derivative contracts relating to commodities or [[emission allowances]] which must be settled in cash or may be settled in cash at the option of one of the parties other than by reason of default or other termination event. | ||
3(2). The aggregation referred to in the first paragraph shall not include positions from contracts resulting from transactions referred to in Article 2(4), fourth subparagraph, points (a), (b) and (c), of Directive 2014/65/EU or from contracts where the person within the group that is a party to any of them is authorised in accordance with Directive 2014/65/EU or Directive 2013/36/EU. | 3(2). The aggregation referred to in the first paragraph shall not include positions from contracts resulting from transactions referred to in Article 2(4), fourth subparagraph, points (a), (b) and (c), of [[MiFID 2|Directive 2014/65/EU]] or from contracts where the person within the group that is a party to any of them is authorised in accordance with Directive 2014/65/EU or Directive 2013/36/EU. | ||
3(3). The net outstanding notional values referred to in paragraph 1 shall be determined pursuant to the netting methodology of Article 5(2). | 3(3). The net outstanding notional values referred to in paragraph 1 shall be determined pursuant to the netting methodology of Article 5(2). | ||