# 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), Division Table 4: Deferred publication thresholds and delays

Extent: E+W+S+N.I.

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.
Class of shares in terms of average daily turnover (ADT)
ADT < EUR 100 000
EUR 100 000 ≤ ADT < EUR 1 000 000
EUR 1 000 000 ≤ ADT < EUR 50 000 000
ADT ≥ EUR 50 000 000
Minimum qualifying size of transaction for permitted delay
Permitted delay for publication
60 minutes
EUR 10 000
Greater of 5 % of ADT and EUR 25 000
Lower of 10 % of ADT and EUR 3 500 000
Lower of 10 % of ADT and EUR 7 500 000
180 minutes
EUR 25 000
Greater of 15 % of ADT and EUR 75 000
Lower of 15 % of ADT and EUR 5 000 000
Lower of 20 % of ADT and EUR 15 000 000
Until end of trading day (or roll-over to noon of next trading day if trade undertaken in final two hours of trading day)
EUR 45 000
Greater of 25 % of ADT and EUR 100 000
Lower of 25 % of ADT and EUR 10 000 000
Lower of 30 % of ADT and EUR 30 000 000
Until end of trading day next after trade
EUR 60 000
Greater of 50 % of ADT and EUR 100 000
Greater of 50 % of ADT and EUR 1 000 000
100 % of ADT
Until end of second trading day next after trade
EUR 80 000
100 % of ADT
100 % of ADT
250 % of ADT
Until end of third trading day next after trade
250 % of ADT
250 % of ADT

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Source: https://www.legislation.gov.uk/eur/2006/1287/annex/II/division/Table (the official version)
Page: https://openlegislation.uk/eu-regulation-2006-1287/annex-II/division-Table
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.