Q&A · ESMA
Recalculation of ADNT
Answered
Read the official text on the ESMA website(opens in a new tab)AI-generated Summary
Any corporate action that the competent authority expects to materially change an instrument's average daily number of trades, such as a share buyback or new issue, may trigger a recalculation of its tick size liquidity band under Article 4 of RTS 11.
Details
| Reference | ESMA_QA_1626 |
|---|---|
| Issuer | ESMA |
| Published | 18 Nov 2016 |
| Answered | 18 Nov 2016 |
| Submitted | 18 Nov 2016 |
| ESMA topics | Tick size regime |
| Earlier Q&A document | ESMA 70-872942901-38 MiFID II MiFIR market structures Q&A, Q&A 4.2 |
Provisions it relates to
- Article 49 MiFID II · Tick sizesInferred · 85%
- MiFID II (whole act)Explicit reference