# 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), Article 4: Asset-class specific criteria for package orders consisting exclusively of credit derivatives

Extent: E+W+S+N.I.

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:
(a) the package order has no more than two components;
(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;
(c) all components of the package order are denominated in the same notional currency of either EUR or USD;
(d) all components of the package order have the same underlying index;
(e) all components of the package order have a tenor of 5 years;
(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).

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Source: https://www.legislation.gov.uk/eur/2017/2194/article/4 (the official version)
Page: https://openlegislation.uk/eu-regulation-2017-2194/article-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.