<!-- headlesslaw {"release":{"id":"a4f2a0495fe55b47323883f82977a9b34ab66171ec9623e39925d3a7045b6c81","published":"2026-11-01T16:41:30Z","pinned":false},"limits":{"coverage":{"history":"current_only","held_since":"2026-10-26","gaps":[],"covered":["2017/2194 — Delegated act — Package orders [in force] L2"],"not_covered":["national guidance","court decisions"]},"freshness":{"release_id":"a4f2a0495fe55b47323883f82977a9b34ab66171ec9623e39925d3a7045b6c81","release_published":"2026-11-01T16:41:30Z","checked_at":"2026-10-26","checked_against":"EUR-Lex"},"truncation":null,"failures":[],"incomplete":[]},"page":{"path":"/mifir/level-2/delegated-acts/2017-2194-package-orders/articles/3","url":"https://www.headlesslaw.com/mifir/level-2/delegated-acts/2017-2194-package-orders/articles/3","title":"Article 3 — Asset-class specific criteria for package orders consisting exclusively of equity derivatives","family":"l2_unit_view","work_id":"spaces/mifir/level-2/delegated-acts/2017-2194-package-orders","view_of":"/mifir/level-2/delegated-acts/2017-2194-package-orders","status":"in_force","force_status":"in_force","date_state":"current","requested_date":null,"as_of":"2026-11-01","applies_from":null,"application":null,"version_label":"Commission Delegated Regulation (EU) 2017/2194, OJ L 312, 28.11.2017","check":{"against":"EUR-Lex","on":"2026-10-26"},"check_result":"matched","official_url":"https://eur-lex.europa.eu/eli/reg_del/2017/2194/oj/eng","valid_from":"2017-12-18","valid_until":null,"content_id":"663c383898e10f46","versions":["2017-12-18"],"version_url":"https://www.headlesslaw.com/mifir/level-2/delegated-acts/2017-2194-package-orders/articles/3/versions/2026-10-26","revision_url":"https://www.headlesslaw.com/mifir/level-2/delegated-acts/2017-2194-package-orders/articles/3/versions/2026-10-26/rev/663c383898e10f46","versions_url":"https://www.headlesslaw.com/mifir/level-2/delegated-acts/2017-2194-package-orders/articles/3/versions","relations_url":"https://www.headlesslaw.com/mifir/level-2/delegated-acts/2017-2194-package-orders/articles/3/relations","act_url":"https://www.headlesslaw.com/mifir/level-2/delegated-acts/2017-2194-package-orders#art-3","source_line":"Commission Delegated Regulation (EU) 2017/2194 · binding · OJ L 312, 28.11.2017 · dated 14 Aug 2017 [in force]","attribution":{"prepared_by":"European Commission","published_by":"Publications Office of the EU","published_in":"Official Journal of the European Union","document_type":"delegated_regulation","legal_nature":"binding_adopted","addressees":"not stated in the document","dates":{"document_date":"2017-08-14","entry_into_force":"2017-12-18","locators":{"document_date":"CELLAR 32017R2194 work_date_document","entry_into_force":"CELLAR 32017R2194 resource_legal_date_entry-into-force (earliest)"}},"adoption":null},"context":{"act":{"work_id":"spaces/mifir/level-2/delegated-acts/2017-2194-package-orders","path":"/mifir/level-2/delegated-acts/2017-2194-package-orders","name":"Commission Delegated Regulation (EU) 2017/2194","number":"2017/2194","celex":"32017R2194","title_official":"COMMISSION DELEGATED REGULATION (EU) 2017/2194 of 14 August 2017 supplementing Regulation (EU) No 600/2014 of the European Parliament and of the Council on markets in financial instruments with regard to package orders (Text with EEA relevance)","document_date":"2017-08-14"},"position":{"kind":"article","key":"3","index":3,"articles":6,"annexes":0},"prev":{"path":"/mifir/level-2/delegated-acts/2017-2194-package-orders/articles/2","key":"2","title":"Article 2 — Asset-class specific criteria for package orders consisting exclusively of interest rate derivatives"},"next":{"path":"/mifir/level-2/delegated-acts/2017-2194-package-orders/articles/4","key":"4","title":"Article 4 — Asset-class specific criteria for package orders consisting exclusively of credit derivatives"},"act_anchor":"#art-3"}}} -->
# Article 3 — Asset-class specific criteria for package orders consisting exclusively of equity derivatives

**Commission Delegated Regulation (EU) 2017/2194 · binding · OJ L 312, 28.11.2017 · dated 14 Aug 2017 [in force]**

*In force · Commission Delegated Regulation (EU) 2017/2194, OJ L 312, 28.11.2017 · Checked against EUR-Lex on 26 Oct 2026 · [Official source](https://eur-lex.europa.eu/eli/reg_del/2017/2194/oj/eng)*

The asset-class specific criteria referred to in Article 1(b)(iv) for package orders consisting exclusively of equity derivatives, as referred to in Section 6 of Annex III to Delegated Regulation (EU) 2017/583, shall be the following:\
**(a)** the package order has no more than two components;
**(b)** all components of the package order belong to the same sub-asset class as referred to in Section 6 of Annex III to Delegated Regulation (EU) 2017/583;
**(c)** all components of the package order are denominated in the same notional currency of either EUR, USD or GBP;
**(d)** all components of the package order have the same underlying index;
**(e)** the expiry date of all components of the package order does not exceed 6 months;
**(f)** where the package order contains options, all options have the same expiry date.
