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Version status: Revoked | Document consolidation status: Updated to reflect all known changes
Version date: 3 January 2018 - onwards
  Version 2 of 2    

Regulation 121A Determination of liquid shares

Revoked from 3 January 2018

(1) For the purposes of Commission Regulation EC 1287/2006 and these Regulations, shares in entities, which shares are admitted to trading on a regulated market in the State, are liquid shares if -

(a) the shares are traded daily;

(b) the shares have a free float of not less than €500 million, and

(c) either -

(i) the average daily number of transactions in the shares is not less than 500, or

(ii) the average daily turnover for the shares is not less than €2 million;

(2) Where the number of the entities (in which there are shares that qualify under paragraph (1) as liquid shares) is less than 5, the Bank -

(a) shall designate as additional liquid shares those shares that are traded daily on a regulated market in the State with the highest average daily turnover, so that the maximum number of liquid shares is 5, or

(b) may require a regulated market to so designate the additional liquid shares on the Bank’s behalf.

(3) The Bank may require from regulated markets in the State

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