Article 1 › 3

Institutions shall not assign positions in the following instruments to the trading book: (a) instruments designated for securitisation warehousing; (b) real estate holdings-related instruments; (c) unlisted equities; (d) instruments related to retail and SME credit; (e) positions in other CIUs than those referred to in paragraph 2, point (f); (f) derivative contracts and CIUs with one or more of the underlying instruments referred to in points (a) to (d) of this paragraph; (g) instruments held for hedging a particular risk of one or more positions in an instrument referred to in points (a) to (f), (h) and (i) of this paragraph; (h) own liabilities of the institution, unless such instruments meet the criteria referred to in paragraph 2, point (e), or the criteria referred to in paragraph 2, third subparagraph; (i) instruments in hedge funds.

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Source: EUR-Lex CELLAR · retrieved 2026-09-04