Regulatory Alerts2020-12-18
Added · Updated
Commission Delegated Regulation (EU) 2021/529 amending Delegated Regulation (EU) 2017/583 regarding liquidity thresholds and trade percentiles for non-equity instruments
The European Commission amends Delegated Regulation (EU) 2017/583 to move the determination of liquid bonds and size-specific instrument waivers from stage S1 to stage S2. Specifically, Article 17 is updated to set the 'average daily number of trades' liquidity criterion at 10 daily trades and the trade percentile for size-specific waivers at the 40th percentile. These changes apply to bonds and enter into force on the twentieth day following publication in the Official Journal of the European Union.
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