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ArticleΒ 6a - The classes of bonds, structured finance products and emission allowances for which there is not a liquid market

To determine whether a bond, structured finance product or emission allowance is to be considered not to have a liquid market, competent authorities shall apply the following static determination of liquidity:

(a)

for all bond types, except ETCs and ETNs, the determination set out in Table 2.2 of Annex III;

(b)

for ETCs and ETNs, the determination set out in Table 2.4 of Annex III;

(c)

for structured finance products, the determination set out in Table 3.1 of Annex III;

(d)

for emission allowances, the determination set out in Table 12.1 of Annex III.