Article 5 Asset-class specific criteria for package orders consisting exclusively of commodity derivatives

The asset-class specific criteria referred to in Article 1(b)(iv) for package orders consisting exclusively of commodity derivative as referred to in Section 7 of Annex III to Delegated Regulation (EU) 2017/583 shall be the following:

1. (a)

   the package order has no more than two components;

2. (b)

   all components of the package order are commodity derivative futures as referred to in Section 7 of Annex III to Delegated Regulation (EU) 2017/583;

3. (c)

   all components of the package order have the same underlying commodity defined at the most granular level as specified in Table 2 of the Annex to Commission Delegated Regulation (EU) 2017/585;

4. (d)

   all components of the package order are denominated in the same notional currency of either EUR, USD or GBP;

5. (e)

   the package order replaces a position in a contract that is nearest to expiry with a position in a contract expiring at the next maturity date.