Where a competent authority considers that a corporate action may modify the average daily number of transactions of a particular financial instrument thereby causing this financial instrument to fall within a different liquidity band, the competent authority shall determine and ensure publication of a new applicable liquidity band for that financial instrument treating it as if it were first admitted to trading or first traded on a trading venue and apply the procedure set out in Article 3(5) and (6).
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New version applies from 09/04/2019 — introduced by Commission Delegated Regulation (EU) 2019/443.
7 provisions change.
Later versions: 05/06/2023.
Article 4 changes in this version: compare with the current text.