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Status: Please note you should read all Brexit changes to the FCA Handbook and BTS alongside the main FCA transitional directions. Where these directions apply the 'standstill', firms have the choice between complying with the pre-IP completion day rules, or the post-IP completion day rules. To see a full list of Handbook modules affected, please see Annex B to the main FCA transitional directions.

economically equivalent OTC contract

      1. 119(1) in respect of a commodity derivative traded on a trading venue, an OTC derivative which has identical contractual specifications and terms and conditions, excluding the following, to those of that commodity derivative:
        1. (a) different lot size specifications;
        1. (b) delivery dates diverging by less than one calendar day; and
        1. (c) different post-trade risk management arrangements; and
      1. (2) in respect of an emission allowance traded on a trading venue, a contract which has identical contractual specifications and terms and conditions, excluding the following, to those of that emission allowance:
        1. (a) different lot size specifications;
        1. (b) delivery dates diverging by less than one calendar day; and
        1. (c) different post-trade risk management arrangements.

    [Note: article 6 of MiFID RTS 21]