Requirement (MIFID)
Article 39 Derivatives within Section C(10) of Annex I to Directive 2004/39/EC
Requirements MIFID - REGULATION (EC) No 1287/2006
Description
Description
In addition to derivative contracts of a kind referred to in Section
C(10) of Annex I to Directive 2004/39/EC, a derivative contract
relating to any of the following shall fall within that Section if it
meets the criteria set out in that Section and in Article 38(3):
(a) telecommunications bandwidth;
(b) commodity storage capacity;
(c) transmission or transportation capacity relating to commodities,
whether cable, pipeline or other means;
(d) an allowance, credit, permit, right or similar asset which is
directly linked to the supply, distribution or consumption
of energy derived from renewable resources;
(e) a geological, environmental or other physical variable;
(f) any other asset or right of a fungible nature, other than a
right to receive a service, that is capable of being
transferred;
(g) an index or measure related to the price or value of, or
volume of transactions in any asset, right, service or
obligation.
Comment
Applies to Article 4(1)(2) of Directive 2004/39/EC