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financial instrument

72

  1. (1) (other than in (2), (3) and (4)100) instruments specified in Section C of Annex I of MiFID, that is:
    1. (a) transferable securities;
    2. (b) money-market instruments;
    3. (c) units in collective investment undertakings;
    4. (d) options, futures, swaps, forward rate agreements and any other derivative contracts relating to securities, currencies, interest rates or yields, or other derivative instruments, financial indices or financial measures which may be settled physically or in cash;
    5. (e) options, futures, swaps, forward rate agreements and any other derivative contracts relating to commodities that must be settled in cash or may be settled in cash at the option of one of the parties (otherwise than by reason of a default or other termination event);
    6. (f) options, futures, swaps, and any other derivative contract relating to commodities that can be physically settled provided that they are traded on a regulated market and/or an MTF;
    7. (g) options, futures, swaps, forwards and any other derivative contracts relating to commodities, that can be physically settled not otherwise mentioned in (f) and not being for commercial purposes, which have the characteristics of other derivative financial instruments, having regard to whether, inter alia, they are cleared and settled through recognised clearing houses or are subject to regular margin calls (see articles 38(1), (2) and (4) of the MiFID Regulation);
      1. (h) derivative instruments for the transfer of credit risk;
      2. (i) financial contracts for differences; and
      3. (j) options, futures, swaps, forward rate agreements and any other derivative contracts relating to
        1. (i) climatic variables;
        2. (ii) freight rates;
        3. (iii) emission allowances;
        4. (iv) inflation rates or other official economic statistics;
        5. (v) telecommunications bandwidth;
        6. (vi) commodity storage capacity;
        7. (vii) transmission or transportation capacity relating to commodities, whether cable, pipeline or other means;
        8. (viii) an allowance, credit, permit, right or similar asset which is directly linked to the supply, distribution or consumption of energy derived from renewable resources;
        9. (ix) a geological, environmental or other physical variable;
        10. (x) any other asset or right of a fungible nature, other than a right to receive a service, that is capable of being transferred;
        11. (xi) an index or measure related to the price or value of, or volume of transactions in any asset, right, service or obligation;
        where the conditions in Articles 38(3) and (4) of the MiFID Regulation are met.
      4. [Note: article 4(1)(17) and section C of Annex I to MiFID and articles 38 and 39 of the MiFID Regulation]
    8. (2) 98in MAR 1 and MAR 2, DTR 1, 2 and 3 and otherwise where used in relation to the Market Abuse Regulation, as defined in article 3(1)(1) of the Market Abuse Regulation.98
    9. (3) (in IFPRU) has the meaning in article 4(50) of the EU CRR.
    10. 100(4) (for a UCITS custodial asset) an instrument specified in Section C of Annex I to MiFID II.