82,891
edits
Amwelladmin (talk | contribs) No edit summary |
Amwelladmin (talk | contribs) No edit summary |
||
Line 7: | Line 7: | ||
The definitions aren’t “disjunctive”. something that is a [[transferable security]] can also be a [[money market instrument]], a unit in [[collective investment scheme]]. Alas, a “[[derivative]]”, in MiFID speak, is restricted to those countenanced in sections 4-10: | The definitions aren’t “disjunctive”. something that is a [[transferable security]] can also be a [[money market instrument]], a unit in [[collective investment scheme]]. Alas, a “[[derivative]]”, in MiFID speak, is restricted to those countenanced in sections 4-10: | ||
{{quote|{{derivativecontractdefinition}}}} | {{quote|{{derivativecontractdefinition}}}}Details fiends will note the rather lovely circularity here, for each of the limbs (other than “financial contracts for differences”) employs the expression “[[derivative contract]]”. | ||
===what ''isn’t'' a {{t|MiFID}} financial instrument=== | ===what ''isn’t'' a {{t|MiFID}} financial instrument=== | ||
A good place to look (if your interest level counts as “fiendish”) is the snappily titled ''Commission Delegated Regulation {{eureg|2017|565|EU}} of 25 April 2016 supplementing Directive {{eudirective|2014|65|EU}} of the European Parliament and of the Council as regards organisational requirements and operating conditions for investment firms and defined terms for the purposes of that Directive''. | A good place to look (if your interest level counts as “fiendish”) is the snappily titled ''Commission Delegated Regulation {{eureg|2017|565|EU}} of 25 April 2016 supplementing Directive {{eudirective|2014|65|EU}} of the European Parliament and of the Council as regards organisational requirements and operating conditions for investment firms and defined terms for the purposes of that Directive''. |