MAR 7 Annex 1 Deferred publication thresholds and delays
Table 4: Deferred publication thresholds and delays
The table below shows, for each permitted delay for publication and each class of shares in terms of average daily turnover (ADT), the minimum qualifying size of transaction that will qualify for that delay in respect of a share of that type.
Class of shares in terms of average daily turnover (ADT) |
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ADT < €100 000 |
€100 000 ≤ ADT < €1 000 000 |
€1 000 000 ≤ ADT < €50 000 000 |
ADT €50 000 000 |
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Minimum qualifying size of transaction for permitted delay |
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Permitted delay for publication |
60 minutes |
€10 000 |
Greater of 5% of ADT and €25 000 |
Lower of 10% of ADT and €3 500 000 |
Lower of 10% of ADT and €7 500 000 |
180 minutes |
€25 000 |
Greater of 15% of ADT and €75 000 |
Lower of 15% of ADT and €5 000 000 |
Lower of 20% of ADT and €15 000 000 |
|
Until end of trading day (or roll-over to noon of next trading day if trade undertaken in final 2 hours of trading day) |
€45 000 |
Greater of 25% of ADT and €100 000 |
Lower of 25% of ADT and €10 000 000 |
Lower of 30% of ADT and €30 000 000 |
|
Until end of trading day next after trade |
€60 000 |
Greater of 50% of ADT and €100 000 |
Greater of 50% of ADT and €1 000 000 |
100% of ADT |
|
Until end of second trading day next after trade |
€80 000 |
100% of ADT |
100% of ADT |
250% of ADT |
|
Until end of third trading day next after trade |
250% of ADT |
250% of ADT |
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