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Retour au sommaire ⬅️ | ➡️ Article 2 – Method of calculation of a significant fall in value for liquid and illiquid shares
Article 1 - Subject matter
1.
This Regulation specifies the method of calculation of the 10 % fall in value for liquid shares traded on a trading venue as set out in 2012.
2.
This Regulation also specifies the method of calculation of the fall in value for the following financial instruments traded on a trading venue as specified in Delegated Regulation (EU) No 918/2012 adopted pursuant to 2012:
(a)
illiquid shares;
(b)
the following non-derivative financial instruments:
(i)
debt instruments issued by sovereign and corporate issuers;
(ii)
exchange-traded funds;
(iii)
money market instruments;
(c)
derivatives whose sole underlying is a financial instrument traded on a trading venue.