(50)

'financial instrument' means any of the following: a contract that gives rise to both a financial asset of one party and a financial liability or equity instrument of another party; an instrument specified in Section C of Annex I to Directive 2004/39/EC; a derivative financial instrument; a primary financial instrument; a cash instrument. The instruments referred to in points (a), (b) and (c) are only financial instruments if their value is derived from the price of an underlying financial instrument or another underlying item, a rate, or an index;

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Source: EUR-Lex (Cellar) · retrieved 2026-09-25 · Text as adopted (Official Journal); later amendments are not incorporated in this text.