{
  "url": "https://openlegislation.uk/eu-regulation-2017-2194/article-4",
  "json_url": "https://openlegislation.uk/eu-regulation-2017-2194/article-4.json",
  "legislation": "eur/2017/2194",
  "legislation_title": "Commission Delegated Regulation (EU) 2017/2194 of 14 August 2017 supplementing Regulation (EU) No 600/2014 of the European Parliament and of the Council on markets in financial instruments with regard to package orders (Text with EEA relevance)",
  "legislation_url": "https://openlegislation.uk/eu-regulation-2017-2194",
  "path": "article/4",
  "kind": "article",
  "number": "4",
  "heading": "Asset-class specific criteria for package orders consisting exclusively of credit derivatives",
  "text": "The asset-class specific criteria referred to in Article 1(b)(iv) for package orders consisting exclusively of credit derivatives as referred to in in Section 9 of Annex III to Delegated Regulation (EU) 2017/583 shall be the following:\n(a) the package order has no more than two components;\n(b) all components of the package order are index credit default swaps as referred to in Section 9 of Annex III to Delegated Regulation (EU) 2017/583;\n(c) all components of the package order are denominated in the same notional currency of either EUR or USD;\n(d) all components of the package order have the same underlying index;\n(e) all components of the package order have a tenor of 5 years;\n(f) the package order replaces a position in a next-to-recent version of an index series (latest off-the-run) with a position in the most recent version (on-the-run).",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eur/2017/2194/article/4",
    "retrieved_at": "2026-11-01T14:44:25.329259+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}