MiFID

Financial Instruments in line with Act No 566/2001 Coll. on securities and investment services

• The following are financial instruments:
  • transferable securities,
  • money market instruments,
  • fund shares or securities issued by foreign collective investment undertakings,
  • options, futures, swaps, forwards and other derivatives relating to securities, currencies, interest rates or yields, or other derivative instruments, financial indices or financial measures which may be settled physically or in cash,
  • options, futures, swaps, forwards and other derivative contracts relating to commodities that must be settled in cash or may be settled in cash at the option of one of the parties; however, otherwise than by reason of a default or other termination event,
  • options, futures, swaps and other derivatives relating to commodities that can be settled in cash provided that they are traded on a regulated market or a multilateral trading facility,
  • options, futures, swaps, forwards and other derivatives relating to commodities that can be settled in cash and are not mentioned in subparagraph (6), and not being for commercial purposes,16b) which have the characteristics of other derivative financial instruments 16b), having regard to whether they are cleared or settled through the clearing and settlement system or are subject to regular margin calls,
  • derivative instruments for the transfer of credit risk,
  • financial contracts for differences,
  • options, futures, swaps, forwards and any other derivatives concerning climatic variables, freight rates, emission allowances or inflation rates or other official economic statistics that must be settled in cash or may be settled at the option of one of the parties otherwise than by reason of insolvency or other termination event, as well as any other derivatives concerning assets, rights, obligations, indices and other factors not otherwise mentioned in subparagraphs (1) to (9), which have the characteristics of other derivative financial instruments and are traded on a regulated market or multilateral trading facility, or are cleared or settled through the clearing and settlement system or are subject to regular margin calls.
• By a decree to be promulgated in its full text in the Collection of Laws of the Slovak Republic (hereinafter “the Collection of Laws”), the National Bank of Slovakia may lay down details of what is meant by financial instruments as mentioned in paragraph (1).