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# Article 1 — Sufficient third party buying and selling interest

**Commission Delegated Regulation (EU) 2016/2020 · binding · OJ L 313, 19.11.2016 · dated 26 May 2016 [in force]**

*In force · Commission Delegated Regulation (EU) 2016/2020, OJ L 313, 19.11.2016 · Checked against EUR-Lex on 26 Oct 2026 · [Official source](https://eur-lex.europa.eu/eli/reg_del/2016/2020/oj/eng)*

When establishing whether a class of derivatives or relevant subset thereof has sufficient third-party buying and selling interest to be considered sufficiently liquid for the trading obligation, ESMA shall apply the criteria in Article 32(3) of Regulation (EU) No 600/2014, as further specified in Articles 2 to 5 below.
