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πŸ”— Back to Summary. πŸ‡«πŸ‡· French Version: 2015R0761_FR.6. Back to Summary of LVL1. Open the PDF. Direct link to EUR-LEX.

Article 5 – Financial instruments providing exclusively for a cash settlement ⬅️ | ➑️ Article 7 – Entry into force and application

Article 6 - Client-serving transactions

The exemption referred to in Article 9(6) of Directive 2004/109/EC shall apply to financial instruments held by a natural person or legal entity fulfilling orders received from clients, responding to a client’s request to trade otherwise than on a proprietary basis, or hedging positions arising out of such dealings.