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# Article 2 — Definitions

**Commission Delegated Regulation (EU) 2017/576 · binding · OJ L 87, 31.3.2017 · dated 8 Jun 2016 [in force]**

*In force · Commission Delegated Regulation (EU) 2017/576, OJ L 87, 31.3.2017 · Checked against EUR-Lex on 26 Oct 2026 · [Official source](https://eur-lex.europa.eu/eli/reg_del/2017/576/oj/eng)*

For the purposes of this Regulation, the following definitions shall apply:\
**(a)** ‘passive order’ means an order entered into the order book that provided liquidity;
**(b)** ‘aggressive order’ means an order entered into the order book that took liquidity;
**(c)** ‘directed order’ means an order where a specific execution venue was specified by the client prior to the execution of the order.
