Requirement (MIFID)
Article 28 Deferred publication of large transactions
Requirements MIFID - REGULATION (EC) No 1287/2006
Description
Description
The deferred publication of information in respect of transactions
may be authorised, for a period no longer than the period
specified in Table 4 in Annex II for the class of share and
transaction concerned, provided that the following criteria are
satisfied:
(a) the transaction is between an investment firm dealing on
own account and a client of that firm;
(b) the size of the transaction is equal to or exceeds the relevant
minimum qualifying size, as specified in Table 4 in
Annex II.
In order to determine the relevant minimum qualifying size for
the purposes of point (b), all shares admitted to trading on a
regulated market shall be classified in accordance with their
average daily turnover to be calculated in accordance with
Article 33.
Comment
Applies to Articles 28, 30 and 45 of Directive 2004/39/EC