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Article 28 - (Articles 28, 30 and 45 of Directive 2004/39/EC) Deferred publication of large transactions

Article 28
(Articles 28, 30 and 45 of Directive 2004/39/EC) Deferred publication of large transactions

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:

((a))

the transaction is between an investment firm dealing on own account and a client of that firm;

((b))

the size of the transaction is equal to or exceeds the relevant minimum qualifying size, as specified in Table 4 in Annex II.

In 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.

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