ANNEX IISupplementary provisions
ANNEX II Orders large in scale compared with normal market size, standard market sizes and deferred publications and delays Table 1 Orders large in scale compared with normal market size for shares and depositary receipts Average daily turnover (ADT) in EUR ADT < 50 000 50 000 ≤ ADT < 100 000 100 000 ≤ ADT < 500 000 500 000 ≤ ADT < 1 000 000 1 000 000 ≤ ADT < 5 000 000 5 000 000 ≤ ADT < 25 000 000 25 000 000 ≤ ADT < 50 000 000 50 000 000 ≤ ADT < 100 000 000 ADT ≥ 100 000 000 Minimum size of orders qualifying as large in scale compared with normal market size in EUR 15 000 30 000 60 000 100 000 200 000 300 000 400 000 500 000 650 000 Table 2 Orders large in scale compared with normal market size certificates and other similar financial instruments Average daily turnover (ADT) in EUR ADT < 50 000 ADT ≥ 50 000 Minimum size of orders qualifying as large in scale compared with normal market size in EUR 15 000 30 000 Table 3 Standard market sizes Average value of transactions (AVT) in EUR AVT < 20 000 20 000 ≤ AVT < 40 000 40 000 ≤ AVT < 60 000 60 000 ≤ AVT < 80 000 80 000 ≤ AVT < 100 000 100 000 ≤ AVT < 120 000 120 000 ≤ AVT < 140 000 Etc. Standard market size 10 000 30 000 50 000 70 000 90 000 110 000 130 000 Etc. Table 4 Deferred publication thresholds and delays for shares and depositary receipts Average daily turnover (ADT) in EUR Minimum qualifying size of transaction for permitted delay in EUR Timing of publication after the transaction > 100 m 10 000 000 60 minutes 20 000 000 120 minutes 35 000 000 End of the trading day 50 m-100 m 7 000 000 60 minutes 15 000 000 120 minutes 25 000 000 End of the trading day 25 m-50 m 5 000 000 60 minutes 10 000 000 120 minutes 12 000 000 End of the trading day 5 m-25 m 2 500 000 60 minutes 4 000 000 120 minutes 5 000 000 End of the trading day 1 m-5 m 450 000 60 minutes 750 000 120 minutes 1 000 000 End of the trading day 500 000 -1 m 75 000 60 minutes 150 000 120 minutes 225 000 End of the trading day 100 000 -500 000 30 000 60 minutes 80 000 120 minutes 120 000 End of the trading day 50 000 -100 000 15 000 60 minutes 30 000 120 minutes 50 000 End of the trading day < 50 000 7 500 60 minutes 15 000 120 minutes 25 000 End of the next trading day Table 5 Deferred publication thresholds and delays for ETFs Minimum qualifying size of transaction for permitted delay in EUR Timing of publication after the transaction 10 000 000 60 minutes 50 000 000 End of the trading day Table 6 Deferred publication thresholds and delays for certificates and other similar financial instruments Average daily turnover (ADT) in EUR Minimum qualifying size of transaction for permitted delay in EUR Timing of publication after the transaction ADT < 50 000 15 000 120 minutes 30 000 End of the trading day ADT ≥ 50 000 30 000 120 minutes 60 000 End of the trading day