Article 1
Subject matter
This Directive lays down rules clarifying, for the purposes of their uniform application, the following terms:
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                            1.  | 
                        
                            transferable securities, as defined in Article 1(8) of Directive 85/611/EEC;  | 
                     
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                            2.  | 
                        
                            money market instruments, as defined in Article 1(9) of Directive 85/611/EEC;  | 
                     
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                            3.  | 
                        
                            liquid financial assets, as referred to in the definition of UCITS laid down in Article 1(2) of Directive 85/611/EEC, with respect to financial derivative instruments;  | 
                     
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                            4.  | 
                        
                            transferable securities and money market instruments embedding derivatives, as referred to in the fourth subparagraph of Article 21(3) of Directive 85/611/EEC;  | 
                     
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                            5.  | 
                        
                            techniques and instruments for the purpose of efficient portfolio management, as referred to in Article 21(2) of Directive 85/611/EEC;  | 
                     
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                            6.  | 
                        
                            index-replicating UCITS, as referred to in Article 22a(1) of Directive 85/611/EEC.  |