commodity
- (1)5052(except for (2)211) 52 a physical asset (other than a financial instrument or cash) which is capable of delivery.48
- (2)50 (for the purpose of calculating position risk requirements and for the purposes of 234COBS 22.5244247) any of the following (but excluding gold):48
- (a) a commodity within the meaning of paragraph (1); and48
- (b) any:48
- (i) physical or energy product; or48
- (ii) of the items referred to in paragraph 10 of Part 1 of Schedule 2 to the Regulated Activities Order230 as an underlying with respect to the derivatives mentioned in that paragraph; 21148
- 211(3) (in relation to the UK provisions which implemented230 MiFID or MiFIR) any goods of a fungible nature that are capable of being delivered, including metals and their ores and alloys, agricultural products, and energy such as electricity211.52
[Note: article 2(6) of the MiFID Org Regulation211]