art_36__para_5__text_2
MiFIR
The relevant threshold for the opt-out is an annual notional amount traded of EUR 1000000 million. The notional amount shall be single-counted and shall include all transactions in exchange-traded derivatives concluded under the rules of the trading venue.
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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.