MIR 3.6.10 Deferred publication thresholds and delays

The table below shows, for each permitted delay for publication and each class of Financial Instrument in terms of average daily turnover (ADT), the minimum qualifying size of transaction that will qualify for that delay in respect of a Financial Instrument of that type.

Permitted delay for publication Class of Financial Instruments in terms of average daily turnover (ADT)
ADT < USD 100 000 USD 100
000< ADT < USD
1 000 000
USD
1 000 000 < ADT < USD 50 000 000
ADT <> USD 50 000 000
Minimum qualifying size of transaction for permitted delay
60 minutes USD 10 000 Greater of 5% of ADT and USD 25 000 Lower of 10% of ADT and USD 3 500 000 Lower of 10% of ADT and USD 7 500 000
180 minutes USD 25 000 Greater of 15% of ADT and USD 75 000 Lower of 15% of ADT and USD 5 000 000 Lower of 20% of ADT and USD 15 000 000
Until end of trading day (or
roll‐over to 12pm of next trading day if trade undertaken in final 12 hours of trading day)
USD 45 000 Greater of 25% of ADT and USD 100 000 Lower of 25% of ADT and USD 10 000 000 Lower of 30% of ADT and USD 30 000 000
Until end of trading day next after trade USD 60 000 Greater of 50% of ADT and USD 100 000 Greater of 50% of ADT and USD 1 000 000 100% of ADT
Until end of second trading day next after trade USD 80 000 100% of ADT 100% of ADT 250% of ADT
Until end of third trading day next after trade   250% of ADT 250% of ADT