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ARTICLE · 13 DECEMBER 2017

Secondary EU Legislation Published On Criteria For Identifying A Liquid Market For Package Orders

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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 .

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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 .

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