otc derivative
as defined in Regulation (EU) No 648/2012 of the European Parliament and of the Council of…, Article 2, point (7) (Definitions)
a derivative contract the execution of which does not take place on a regulated market as within the meaning of Article 4(1)(14) of Directive 2004/39/EC or on a third-country market considered as equivalent to a regulated market in accordance with Article 19(6) of Directive 2004/39/EC
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Also defined in
- Regulation (EU) No 600/2014 of the European Parliament and of the Council of 15 May 2014 on markets in financial… 02014R0600-20251123, Article 2(1)
(32a) ‘OTC derivative’ means an OTC derivative as defined in Article 2, point (7), of Regulation (EU) No 648/2012;