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.