ANNEX II Orders large in scale compared with normal market size, standard market sizes and deferred publications and delays
Table 1 Orders large in scale compared with normal market size for shares and depositary receipts
Average daily turnover (ADT) in EUR |
ADT < 50000 |
50000 ≤ ADT < 100000 |
100000 ≤ ADT < 500000 |
500000 ≤ ADT < 1000000 |
1000000 ≤ ADT < 5000000 |
5000000 ≤ ADT < 25000000 |
25000000 ≤ ADT < 50000000 |
50000000 ≤ ADT < 100000000 |
ADT ≥ 100000000 |
Minimum size of orders qualifying as large in scale compared with normal market size in EUR |
15000 |
30000 |
60000 |
100000 |
200000 |
300000 |
400000 |
500000 |
650000 |
Table 2 Orders large in scale compared with normal market size certificates and other similar financial instruments
Average daily turnover (ADT) in EUR |
ADT < 50000 |
ADT ≥ 50000 |
Minimum size of orders qualifying as large in scale compared with normal market size in EUR |
15000 |
30000 |
Table 3 Standard market sizes
Average value of transactions (AVT) in EUR |
AVT < 20000 |
20000 ≤ AVT < 40000 |
40000 ≤ AVT < 60000 |
60000 ≤ AVT < 80000 |
80000 ≤ AVT < 100000 |
100000 ≤ AVT < 120000 |
120000 ≤ AVT < 140000 |
Etc. |
Standard market size |
10000 |
30000 |
50000 |
70000 |
90000 |
110000 |
130000 |
Etc. |
Table 4 Deferred publication thresholds and delays for shares and depositary receipts
Average daily turnover (ADT) in EUR |
Minimum qualifying size of transaction for permitted delay in EUR |
Timing of publication after the transaction |
> 100 m |
10000000 |
60 minutes |
20000000 |
120 minutes |
|
35000000 |
End of the trading day |
|
50 m-100 m |
7000000 |
60 minutes |
15000000 |
120 minutes |
|
25000000 |
End of the trading day |
|
25 m-50 m |
5000000 |
60 minutes |
10000000 |
120 minutes |
|
12000000 |
End of the trading day |
|
5 m-25 m |
2500000 |
60 minutes |
4000000 |
120 minutes |
|
5000000 |
End of the trading day |
|
1 m-5 m |
450000 |
60 minutes |
750000 |
120 minutes |
|
1000000 |
End of the trading day |
|
500000-1 m |
75000 |
60 minutes |
150000 |
120 minutes |
|
225000 |
End of the trading day |
|
100000-500000 |
30000 |
60 minutes |
80000 |
120 minutes |
|
120000 |
End of the trading day |
|
50000-100000 |
15000 |
60 minutes |
30000 |
120 minutes |
|
50000 |
End of the trading day |
|
< 50000 |
7500 |
60 minutes |
15000 |
120 minutes |
|
25000 |
End of the next trading day |
Table 5 Deferred publication thresholds and delays for ETFs
Minimum qualifying size of transaction for permitted delay in EUR |
Timing of publication after the transaction |
10000000 |
60 minutes |
50000000 |
End of the trading day |
Table 6 Deferred publication thresholds and delays for certificates and other similar financial instruments
Average daily turnover (ADT) in EUR |
Minimum qualifying size of transaction for permitted delay in EUR |
Timing of publication after the transaction |
ADT < 50000 |
15000 |
120 minutes |
30000 |
End of the trading day |
|
ADT ≥ 50000 |
30000 |
120 minutes |
60000 |
End of the trading day |