Article 9 Determination of reporting ranges

Execution venues shall report the executed transactions specified in Article 4 for the following ranges:

1. (a)

   for all financial instruments other than money market instruments:

   1. (i)

      range 1: greater than EUR 0 and less than or equal to the Standard Market Size or the Size Specific to the financial instrument;

   2. (ii)

      range 2: greater than the Standard Market Size or the Size Specific to the financial instrument and less than or equal to Large in Scale;

   3. (iii)

      range 3: greater than Large in Scale.

2. (b)

   for illiquid shares, exchange traded funds or certificates:

   1. (i)

      range 1: greater than EUR 0 and less than or equal to the smallest available Standard Market Size in that type of instrument;

   2. (ii)

      range 2: greater than the smallest available Standard Market Size in that type of instrument and less than or equal to Large in Scale;

   3. (iii)

      range 3: greater than Large in Scale.

3. (c)

   for money market instruments:

   1. (i)

      range 1: greater than EUR 0 and less than or equal to EUR 10 million;

   2. (ii)

      range 2: greater than EUR 10 million and less than or equal to EUR 50 million;

   3. (iii)

      range 3: greater than EUR 50 million.