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Version status: Applicable | Document consolidation status: No known changes
Version date: 1 November 2007 - onwards
Version 3 of 3

Article 33 Calculations and estimates for shares admitted to trading on a regulated market

(Articles 27, 28, 29, 30, 44 and 45 of Directive 2004/39/EC)

1. In respect of each share that is admitted to trading on a regulated market, the relevant competent authority for that share shall ensure that the following calculations are made in respect of that share promptly after the end of each calendar year:

(a) the average daily turnover;

(b) the average daily number of transactions;

(c) for those shares which satisfy the conditions laid down in Article 22(1)(a) or (b) (as applicable), the free float as at 31 December;

(d) if the share is a liquid share, the average value of the orders executed.

This paragraph and paragraph 2 shall not apply to a share which is first admitted to trading on a regulated market four weeks or less before the end of the calendar year.