- (1)
In relation to the average size of trades, the competent authority shall take into consideration the following elements:
- (a)
the average daily turnover whereby the notional size of all trades combined shall be divided by the number of trading days;
- (b)
the average value of trades whereby the notional size of all trades combined shall be divided by the number of trades.
- (a)
- (2)
The competent authority’s analysis of the criteria in paragraph 1 shall take into account the factors specified in Article 2(2).
You are viewing Article 3 Average size of trades as of Article 3 Average size of trades was last updated on 01/01/2021.