{
  "url": "https://openlegislation.uk/eu-regulation-2006-1287/article-4",
  "json_url": "https://openlegislation.uk/eu-regulation-2006-1287/article-4.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/4",
  "kind": "article",
  "number": "4",
  "heading": "References to trading day",
  "text": "1. A reference to a trading day in relation to a trading venue, or in relation to post-trade information to be made public under Article 30 or 45 of Directive 2004/39/EC in relation to a share, shall be a reference to any day during which the trading venue concerned is open for trading.\nA reference to the opening of the trading day shall be a reference to the commencement of the normal trading hours of the trading venue.\nA reference to noon on the trading day shall be a reference to noon in the time zone where the trading venue is established.\nA reference to the end of the trading day shall be a reference to the end of its normal trading hours.\n2. A reference to a trading day in relation to the most relevant market in terms of liquidity for a share, or in relation to post-trade information to be made public under Article 28 of Directive 2004/39/EC in relation to a share, shall be a reference to any day of normal trading on trading venues in that market.\nA reference to the opening of the trading day shall be a reference to the earliest commencement of normal trading in that share on trading venues in that market.\nA reference to noon on the trading day shall be a reference to noon in the time zone of that market.\nA reference to the end of the trading day shall be a reference to the latest cessation of normal trading in that share on trading venues in that market.\n3. A reference to a trading day in relation to a spot contract, within the meaning of Article 38(2), shall be a reference to any day of normal trading of that contract on trading venues.",
  "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/4",
    "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."
}