Requirement (MIFID)
Article 3 Transactions related to an individual share in a portfolio trade and volume weighted average price transactions
Requirements MIFID - REGULATION (EC) No 1287/2006
Description
Description
1. A transaction related to an individual share in a portfolio
trade shall be considered, for the purposes of Article 18(1)(b)(ii),
as a transaction subject to conditions other than the current
market price.
It shall also be considered, for the purposes of Article 27(1)(b), as
a transaction where the exchange of shares is determined by
factors other than the current market valuation of the share.
2. A volume weighted average price transaction shall be
considered, for the purposes of Article 18(1)(b)(ii), as a
transaction subject to conditions other than the current market
price and, for the purposes of Article 25, as an order subject to
conditions other than the current market price.
It shall also be considered, for the purposes of Article 27(1)(b), as
a transaction where the exchange of shares is determined by
factors other than the current market valuation of the share.