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MAR 7 Annex 1 Deferred publication thresholds and delays

EU

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)

ADT < €100 000

€100 000 ≤ ADT < €1 000 000

€1 000 000 ≤ ADT < €50 000 000

ADT €50 000 000

Minimum qualifying size of transaction for permitted delay

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