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Chapter X · MARKET ABUSE REGIME APPLICABLE TO AUCTIONED PRODUCTS › Article 36

Market abuse regime applicable to financial instruments within the meaning of Article 1(3) of Directive 2003/6/EC

1.   For the purposes of this Regulation, where two-day spot or five-days futures are financial instruments within the meaning of Article 1(3) of Directive 2003/6/EC, that Directive shall apply to the auctioning of those auctioned products.

2.   Where two-day spot or five-days futures are not financial instruments within the meaning of Article 1(3) of Directive 2003/6/EC, the provisions of Articles 37 to 43 of this Regulation shall apply.

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