Article 6 Negotiated transactions subject to conditions other than the current market price (Article 4(1)(b) of Regulation (EU) No 600/2014)

A negotiated transaction in shares, depositary receipts, ETFs, certificates and other similar financial instruments shall be subject to conditions other than the current market price of the financial instrument where any of the following circumstances applies:

1. (a)

   the transaction is a benchmark trade1;

2. (b)

   the transaction is part of a portfolio trade;

3. (c)

   the transaction is contingent on the purchase, sale, creation or redemption of a derivative contract or other financial instrument where all the components of the trade are meant to be executed as a single lot;

4. (ca)

   the transaction is of a type listed in article 13;1

5. (j)

   any other transaction equivalent to one of those described in points (a) to (ca)1 in that it is contingent on technical characteristics which are unrelated to the current market valuation of the financial instrument traded.