sou · GUB350d2 · 2007-01-01 00:00:00 — 2.A spot contract for the purposes of paragraph 1 means a contract for the sale of a commodity, asset or right, under the terms of which delivery is scheduled to be made within the longer of the following periods: (a)two trading days; (b)the period generally accepted in the market for that commodity, asset or right as the standard delivery period. However, a contract is not a spot contract if, irrespective of its explicit terms, there is an understanding between the parties to the contract that delivery of the underlying is to be postponed and not to be performed within the period mentioned in the first subparagraph. 3.For the purposes of Section C(10) of to Directive 2004/39/EC, a derivative contract relating to an underlying referred to in that Section or in Article 39 of this Regulation shall be considered to have the characteristics of other derivative financial instruments if one of the following conditions is satisfied: (a)that contract is settled in cash or may be settled in cash at the option of one or more of the parties, otherwise than by reason of a default or other termination event; (b)that contract is traded on a regulated market or an MTF; (c)the conditions laid down in paragraph 1 are satisfied in relation to that contract. 4.A contract shall be considered to be for commercial purposes for the purposes of Section C(7) of to Directive 2004/39/EC, and as not having the characteristics of other derivative financial instruments for the purposes of Sections C(7) and (10) of that , if it is entered into with or by an operator or administrator of an energy transmission grid, energy balancing mechanism or pipeline network, and it is necessary to keep in balance the supplies and uses of energy at a given time. (Article 4(1)(2) of Directive 2004/39/EC) Derivatives within Section C(10) of to Directive 2004/39/EC In addition to derivative contracts of a kind referred to in Section C(10) of to Directive 2004/39/EC, a derivative contract relating to any of the following shall fall within that Section if it meets the criteria set out in that Section and in Article 38(3) of this Regulation: (a)telecommunications bandwidth; (b)commodity storage capacity; (c)transmission or transportation capacity relating to commodities, whether cable, pipeline or other means; (d)an allowance, credit, permit, right or similar asset which is directly linked to the supply, distribution or consumption of energy derived from renewable resources; (e)a geological, environmental or other physical variable; (f)any other asset or right of a fungible nature, other than a right to receive a service, that is capable of being transferred; (g)an index or measure related to the price or volume of transactions in any asset, right, service or obligation. 1.At least once every two years, and after consulting the Committee of Regulators, the Commission shall re-examine the definition of transaction for the purposes of this Regulation, the tables included in , as well as the criteria for determination of liquid shares contained in Article 4121. 2.The Commission shall, after consulting the Committee of Regulators, re-examine the provisions of Articles 38 and 39 relating to criteria for determining which instruments are to be treated as having the characteristics of other derivative financial instruments, or as being for commercial purposes, or which fall within Section C(10) of to Directive 2004/39/EC if the other criteria set out in that section are satisfied in relation to itthem. The Commission shall report to Parliament and to the Council at the same time that it makes its reports under Article 65(13)(a) and (d) of Directive 2004/39/EC. 1.This Regulation shall enter into force on the twentieth day following that of its publication in the . 2.This Regulation shall apply from [, except the second sub- paragraph of Article 10 and Article 33(6), which shall apply from 1 2007]. 3.This Regulation shall be binding in its entirety and directly applicable in all Member States. Done at , [] For the Commission [] Member of the Commission Table 1: List of fields for reporting purposes A unique code to identify the firm which executed the transaction. The trading day on which the transaction was executed. The time at which the transaction was executed, reported in the local time of the competent authority to which the transaction will be reported, and the basis in which the transaction is reported expressed Coordinated Time (UTC) +/- hours. Identifies whether the transaction was a buy or sell from the Buy/Sell Indicator perspective of the reporting investment firm or, in the case of a report to a client, of the client. Identifies whether the firm executed the transaction : – on its own account and on its own behalf – on behalf of a client) or for theits own account and on behalf of a – for the account, and on behalf, of a client. This shall consist in: – a unique code, to be decided by the competent authority (if any) to which the report is made identifying the financial instrument which is the subject of the transaction; – if the financial instrument in question does not have a unique identification code, the report must include the name of the instrument or, in the case of a derivative contract, the characteristics of the contract. The code type used to report the security code of the instrument The instrument identification applicable to the security that is the underlying asset in a derivative contract as well as the transferable security falling within Article 4(1)(18)(c) of Directive 2004/39/EC. The code type used to report the underlying security code of the The classification of the financial instrument that is the subject of the The description must at least indicate whether the instrument belongs to one of the following categories: – Bonds or other forms of securitised debt – Money market instruments – Units in collective investment undertakings – Derivatives of which the underlying is a share – Derivatives of which the underlying is a bond or other forms of – Derivatives of which the underlying is a commodity – Derivatives of which the underlying is an index – Derivatives of which the underlying is an interest rate – Other financial instruments The maturity date of a bond or other form of securitised debt, or the exercise date / maturity date of a derivative contract. Specification whether a derivative is an option, future, swap, forward rate agreement or any other derivative contract. Specification whether an option or any other financial instrument is a put or a call. The strike price of an option or other financial instrument. The number of units of the financial instrument in question which are contained in a trading lot; for example, the number of derivatives or securities represented by one contract. The price per security or derivative contract excluding commission and In the case of a debt instrument, the price may be expressed either in terms of currency or as a percentage. The currency in which the price is expressed. If, in the case of a bond or other form of securitised debt, the price is expressed as a percentage, that percentage shall be included. The number of units of the financial instruments, the nominal value of bonds, or the number of derivative contracts included in the An indication as to whether the quantity is the number of units of financial instruments, the nominal value of bonds or the number of Identification of the counterparty to the transaction. shall consist in: – where the counterparty is an investment firm, a unique code for that firm, to be determined by the competent authority (if any) to which the report is made; – where the counterparty is a regulated market or MTF or an entity acting as its central counterparty, the unique harmonised identification code for that market, MTF or entity acting as central counterparty, as specified in the list published by the competent authority of the home of that entity in accordance with Article 12(2); – where the counterparty is not an investment firm, a regulated market, an MTF or an entity acting as central counterparty, it should be identified as customer/client of the investment firm which executed the transaction. Identification of the venue where the transaction was executed. identification shall consist in: – where the venue is a trading venue: its unique harmonised – otherwise: the code OTC. A unique identification number for the transaction provided by the investment firm or a third party reporting on its behalf. An indication as to whether the transaction was cancelled. Table 2: Further details for use of competent authorities In addition to the information specified in Table 1, the full name of the The unique code, agreed between all the competent authorities, applicable to the financial instrument in question shall be used. Where the counterparty is an investment firm, instead ofin addition to the information specified in Table 1, the full name of the investment Table 1: Information to be made public in accordance with Article 16 Summary of information to be made public, in accordance with a system that by means of an order book the aggregate number of orders and a trading algorithm operated and the shares they represent at without human intervention matches each price level, for at least the sell orders with matching buy orders on five best bid and offer price levels the basis of the best available price on a a system where transactions are the best bid and offer by price of concluded on the basis of firm quotes each market maker in that share, that are continuously made available to together with the volumes participants, which requires the market attaching to those prices makers to maintain quotes in a size that balances the needs of members and participants to deal in a commercial size and the risk to which the market maker a system that matches orders on the the price at which the auction basis of a periodic auction and a trading trading system would best satisfy algorithm operated without human its trading algorithm and the volume that would potentially be executable at that price a hybrid system falling into two or more adequate information as to the of the first three rows or a system where level of orders or quotes and of the price determination process is of a trading interest; in particular, the different nature than that applicable to five best bid and offer price levels the types of system covered by first and/or two-way quotes of each market maker in the share, if the characteristics of the price discovery mechanism so permit Table 2: Orders large in scale compared with normal market size Class in terms of 1, 000, 000 25, 000, 000 50, 000, 000 turnover (ADT) 1, 000, 25, 000, 000 50, 000, 000 Table 3: Standard market sizes Table 4: Deferred publication thresholds and delays The table below shows, for each permitted delay for publication and each class of shares in terms of average daily turnover (ADT), the minimum qualifying size of transaction (ADT) that will qualify for that delay in respect of a share of that type. Class of shares in terms of average daily turnover (ADT) Minimum qualifying size of transaction for permitted delay 1.Skola & Samhälle. 2.Omprövning av medborgarskap. 3.Stärkt konkurrenskraft och sysselsätt- ning i hela landet. 4.Svenska partnerskap – en översikt. Rapport 1 till Organisations- utredningen för regional tillväxt. 5.Organisering av regional utvecklings- politik – balansera utveckling och förvaltning. Rapport 2 till Organisations- utredningen för regional tillväxt. 6.Skyddsgrundsdirektivet och svensk rätt. En anpassning av svensk lagstiftning till EG-direktiv /83/ EG angående flyktingar och andra skyddsbehövande.UD. 7.Studieavgifter i högskolan. 8.Mångfald och räckvidd. 9.Kontroll av varor vid inre gräns. Ett förnyat programkontor. Spel i en föränderlig värld. Rattfylleri och sjöfylleri. Djurskydd vid hästavel. Detaljhandel med nikotinläkemedel. Ny reglering om brandfarliga och explosiva varor. Integritet – Effektivitet. 19.Att återta mitt språk. Åtgärder för att stärka det samiska språket. 21.Mediernas Vi och Dom. Mediernas betydelse för den strukturella diskrimi- neringen. 22.En sammanhållen diskriminerings- lagstiftning. Del 1+2, särtryck av sammanfattningen, lättläst samman- fattning och daisy. 23.Nya skatteregler för idrotten. 24.Avgift för matservice inom äldre- och handikappomsorgen. Ett statligt ägt bolag efter sammanslag- ning av (publ) och Arbetslivstjänster. 26.Sverige som värdland för internatio- nella organisationer. 27.Stöd till hälsobefrämjande tandvård. 28.Nya upphandlingsregler 2. 29.Teckenspråk och teckenspråkiga. Kunskaps- och forskningsöversikt. 30.Är rättvisan rättvis? Tio perspektiv på diskriminering av etniska och religiösa minoriteter inom rättssystemet. 32.God sed vid lönebildning – Utvärde- ring av . 33.Andra vägar att finansiera nya vägar. 34.Den professionella orkestermusiken i . 35.Värdepapper och kontrolluppgifter. – om studentkårer, nationer och särskilda studentföreningar. 37.Om välfärdens gränser och det vill- korade medborgarskapet. En ny myndighet. 39.Ett utvidgat miljöansvar. 40.Utbildningens dilemma Demokratiska ideal och andrafierande praxis. 42.Plats på scen. 43.Översyn av atomansvaret. 44.Bättre arbetsmiljöregler I. Samverkan, utbildning, avtal m.m. N. 45.Tänka framåt, men göra . Så stärker vi barnkulturen. + Bilaga/rapport: "Det ser lite olika ut..." En kartlägg- ning av den offentligt finansierade kulturen för barn. 46.Jakten på makten. 47.Ökade möjligheter till trafiknykterhets- kontroller vid gränserna. 49.Asylsökande barn med uppgivenhets- symtom – trauma, kultur, asylprocess. 50.En ny lag om värdepappersmarknaden. Omprövning av medborgarskap. [2] Rattfylleri och sjöfylleri. Att återta mitt språk. Åtgärder för att stärka det samiska språket. [19] Mediernas Vi och Dom. betydelse för den strukturella diskrimi- neringen. En sammanhållen diskrimineringslag- stiftning. Del 1+2, särtryck av sammanfatt- ningen, lättläst sammanfattning och daisy. Är rättvisan rättvis? Tio perspektiv på diskriminering av etniska och religiösa minoriteter inom rättssystemet. Om välfärdens gränser och det villkorade medborgarskapet. Demokratiska ideal och andrafierande praxis. Jakten på makten. Ökade möjligheter till trafiknykterhets- kontroller vid gränserna. Skyddsgrundsdirektivet och svensk rätt. En anpassning av svensk lagstiftning till EG-direktiv /83/EG angående flyktingar och andra skyddsbehövande. som värdland för internationella organisationer. [41] Asylsökande barn med uppgivenhetssymtom – trauma, kultur, asylprocess. Ny reglering om brandfarliga och explosiva varor. Integritet – Effektivitet. Detaljhandel med nikotinläkemedel. [15] Avgift för matservice inom äldre- och Stöd till hälsobefrämjande tandvård. [27] Teckenspråk och teckenspråkiga. Kunskaps- och forskningsöversikt. Kontroll av varor vid inre gräns. [9] Spel i en föränderlig värld. [11] Tonnageskatt. Nya skatteregler för idrotten. [23] Nya upphandlingsregler 2. Värdepapper och kontrolluppgifter. [35] Bidragsbrott. En ny lag om värdepappersmarknaden. Skola & Samhälle. [1] Studieavgifter i högskolan. [7] Mångfald och räckvidd. Ett förnyat programkontor. [10] Anställ unga! Den professionella orkestermusiken i . – om studentkårer, nationer och särskilda studentföreningar. En ny myndighet. [38] Plats på scen. Tänka framåt, men göra . Så stärker vi barnkulturen. + Bilaga/rapport: "Det ser lite olika ut..." En kartläggning av den offentligt finansierade kulturen för barn. Djurskydd vid hästavel. Ett utvidgat miljöansvar. [39] Översyn av atomansvaret. Stärkt konkurrenskraft och sysselsättning i hela landet. Svenska partnerskap – en översikt. Rapport 1 till Organisations- utredningen för regional tillväxt. Organisering av regional utvecklingspolitik – balansera utveckling och förvaltning. Rapport 2 till Organisationsutredning- en för regional tillväxt. Ett statligt ägt bolag efter sammanslag- ning av (publ) och Arbetslivstjänster. God sed vid lönebildning – Utvärdering av . Andra vägar att finansiera nya vägar. [33] Bättre arbetsmiljöregler I. utbildning, avtal m.m. [44]