Table 2

Commission Regulation (EC) No 1287/2006 of 10 August 2006 implementing Directive 2004/39/EC of the European Parliament and of the Council as regards record-keeping obligations for investment firms, transaction reporting, market transparency, admission of financial instruments to trading, and defined terms for the purposes of that Directive (Text with EEA relevance) · European Union

Orders large in scale compared with normal market size (in EUR) Class in terms of average daily turnover (ADT) ADT < 500000 500000 ≤ ADT < 1000000 1000000 ≤ ADT < 25000000 25000000 ≤ ADT < 50000000 ADT ≥ 50000000 Minimum size of order qualifying as large in scale compared with normal market size 50000 100000 250000 400000 500000

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Source: EUR-Lex (Cellar) · retrieved 2026-10-30 · Text as adopted (Official Journal); later amendments are not incorporated in this text.