{
  "url": "https://openlegislation.uk/eu-regulation-2006-1287/article-28",
  "json_url": "https://openlegislation.uk/eu-regulation-2006-1287/article-28.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": "article/28",
  "kind": "article",
  "number": "28",
  "heading": "(Articles 28, 30 and 45 of Directive 2004/39/EC)Deferred publication of large transactions",
  "text": "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:\n(a) the transaction is between an investment firm dealing on own account and a client of that firm;\n(b) the size of the transaction is equal to or exceeds the relevant minimum qualifying size, as specified in Table 4 in Annex II.\nIn 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.",
  "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/article/28",
    "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."
}