(Article 4(1)(2) of Directive 2014/65/EU)
1. For the purposes of Section C(7) of Annex I to Directive 2014/65/EU, a contract which is not a spot contract in accordance with paragraph 2 and which is not for commercial purposes as laid down in paragraph 4 shall be considered as having the characteristics of other derivative financial instruments where it satisfies the following conditions:
(a) it meets one of the following criteria:
(i) it is traded on a third country trading venue that performs a similar function to a regulated market, an MTF or an OTF;
(ii) it is expressly stated to be traded on, or is subject to the rules of, a regulated market, an MTF, an OTF or such a third country trading venue;
(iii) it is equivalent to a contract traded on a regulated market, MTF, an OTF or such a third country trading venue, with regards to the price, the lot, the delivery date and other contractual terms;
(b) it is standardised so that the price, the lot, the delivery date and other terms are d
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