Article 3 U.K. Asset-class specific criteria for package orders consisting exclusively of equity derivatives

The asset-class specific criteria referred to in Article 1(b)(iv) for package orders consisting exclusively of equity derivatives, as referred to in Section 6 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 belong to the same sub-asset class as referred to in Section 6 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, USD or GBP;

(d)

all components of the package order have the same underlying index;

(e)

the expiry date of all components of the package order does not exceed 6 months;

(f)

where the package order contains options, all options have the same expiry date.