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Version status: Applicable | Document consolidation status: No known changes
Version date: 1 November 2007 - onwards
Version 4 of 4

Article 34 Publication and effect of results of required calculations and estimates

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

1. On the first trading day of March of each year, each competent authority shall, in relation to each share for which it is the relevant competent authority that was admitted to trading on a regulated market at the end of the preceding calendar year, ensure the publication of the following information:

(a) the average daily turnover and average daily number of transactions, as calculated in accordance with Article 33(1) and (2);

(b) the free float and average value of the orders executed, where calculated in accordance with Article 33(1) and (2).

This paragraph shall not apply to shares to which the second subparagraph of Article 33(1) applies.

2. The results of the estimates and calculations required under Article 33(3), (4) or (5) shall be published as soon as practicable after the calculation or estimate is completed.

3. The information referred to in paragraphs 1 or 2 shall be considered as published when it is published by the Committee of European Securities Regulators in accordance with paragraph 5.

4. For the purposes of this Regulation, the following shall apply: