Article 13A Transitional period for publication of transparency calculations

Article 2(1)(62) of Regulation 600/2014/EU does not apply to this Article.

For the purposes of this Article, the term ‘transitional period’ means the period ending on the day this Article is revoked1.

From IP completion day and during the transitional period the FCA’s obligations to perform calculations and publish information under Articles 13(17) and 13(18) are modified as follows:

1. (a)

   it shall publish whether or not the relevant instrument appears to it to be liquid, what appears to it to be the minimum order and transaction size of the size specific to the financial instrument, and the minimum sizes of orders and transactions that are large in scale (as appropriate);

2. (b)

   it is not required to follow the relevant methodology in Article 3, 5, 6, 9, 10, 13 or 17 (as applicable) but where it does not:

   1. - it must have regard to the relevant methodology; and

   2. - it may take into account any information available in relation to trading of the financial instrument in question in the United Kingdom or in any other country; and

3. (c)

   in the case of a publication under Article 13(17), it shall ensure publication by five working days after 30 April; and

4. (d)

   in the case of a publication under Article 13(18), it shall ensure publication by five working days after the first day of February, May, August and November.