{
  "url": "https://openlegislation.uk/eu-regulation-2006-1287/annex-II/division-Table",
  "json_url": "https://openlegislation.uk/eu-regulation-2006-1287/annex-II/division-Table.json",
  "legislation": "eur/2006/1287",
  "legislation_title": "Commission Regulation (EC) No 1287/2006 of 10 August 2006 implementing Directive 2004/39/EC of the European Parliament and of the Council as regards record-keeping obligations for investment firms, transaction reporting, market transparency, admission of financial instruments to trading, and defined terms for the purposes of that Directive (Text with EEA relevance)",
  "legislation_url": "https://openlegislation.uk/eu-regulation-2006-1287",
  "path": "annex/II/division/Table",
  "kind": "division",
  "number": "Table 4",
  "heading": "Deferred publication thresholds and delays",
  "text": "The table below shows, for each permitted delay for publication and each class of shares in terms of average daily turnover (ADT), the minimum qualifying size of transaction that will qualify for that delay in respect of a share of that type.\nClass of shares in terms of average daily turnover (ADT)\nADT < EUR 100 000\nEUR 100 000 ≤ ADT < EUR 1 000 000\nEUR 1 000 000 ≤ ADT < EUR 50 000 000\nADT ≥ EUR 50 000 000\nMinimum qualifying size of transaction for permitted delay\nPermitted delay for publication\n60 minutes\nEUR 10 000\nGreater of 5 % of ADT and EUR 25 000\nLower of 10 % of ADT and EUR 3 500 000\nLower of 10 % of ADT and EUR 7 500 000\n180 minutes\nEUR 25 000\nGreater of 15 % of ADT and EUR 75 000\nLower of 15 % of ADT and EUR 5 000 000\nLower of 20 % of ADT and EUR 15 000 000\nUntil end of trading day (or roll-over to noon of next trading day if trade undertaken in final two hours of trading day)\nEUR 45 000\nGreater of 25 % of ADT and EUR 100 000\nLower of 25 % of ADT and EUR 10 000 000\nLower of 30 % of ADT and EUR 30 000 000\nUntil end of trading day next after trade\nEUR 60 000\nGreater of 50 % of ADT and EUR 100 000\nGreater of 50 % of ADT and EUR 1 000 000\n100 % of ADT\nUntil end of second trading day next after trade\nEUR 80 000\n100 % of ADT\n100 % of ADT\n250 % of ADT\nUntil end of third trading day next after trade\n250 % of ADT\n250 % of ADT",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eur/2006/1287/annex/II/division/Table",
    "retrieved_at": "2026-11-01T14:53:31.975025+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}