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In this act Article 11 of 92

Article 11 — Money-market instruments (Article 4(1)(17) of Directive 2014/65/EU)

Financial servicesLevel 2Delegated RegulationMiFID IIIn forceOfficial source

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:

11(a)
(a)they have a value that can be determined at any time;
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11(b)
(b)they are not derivatives;
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11(c)
(c)they have a maturity at issuance of 397 days or less.
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