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🔗 Back to Summary. 🇫🇷 French Version: 2017R0565_FR.11. Back to Summary of LVL1. Direct link to EUR-LEX.
Article 10 – Characteristics of other derivative contracts relating to currencies ⬅️ | ➡️ Article 12 – Systematic internalisers for shares, depositary receipts, ETFs, certificates and other similar financial instruments
References LVL1 <=> LVL2
Level 1 reference(s): 2014L0065_EN.4 > 1#17
Article 11 - Money-market instruments
Money-market instruments in accordance with Article 4(1)(17) of Directive 2014/65/EU, shall include treasury bills, certificates of deposits, commercial papers and other instruments with substantively equivalent features where they have the following characteristics:
(a)
they have a value that can be determined at any time;
(b)
they are not derivatives;
(c)
they have a maturity at issuance of 397 days or less.