Requirement (MIFID)
Article 20 Waivers in relation to transactions which are large in scale
Requirements MIFID - REGULATION (EC) No 1287/2006
Description
Description
An order shall be considered to be large in scale compared with
normal market size if it is equal to or larger than the minimum
size of order specified in Table 2 in Annex II. For the purposes of
determining whether an order is large in scale compared to
normal market size, all shares admitted to trading on a regulated
market shall be classified in accordance with their average daily
turnover, which shall be calculated in accordance with the
procedure set out in Article 33.
Comment
Applies to Articles 29(2) and 44(2), and fifth subparagraph of Article 27(1)
of Directive 2004/39/EC