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The protocol published today has been created to ensure effective co-operation between Competent Authorities (CAs) with respect to their obligations under Article 41 of MiFID (Suspension and removal of instruments from trading).
According to Art. 22(1) of the Implementing Regulation, a share admitted to trading on a regulated market shall be considered to have a liquid market if the share is traded daily, with a free float not less than EUR 500 million, and one of the following conditions is satisfied: (a) the average daily number of transactions in the share is not less than 500; (b) the average daily turnover for the share is not less than EUR 2 million.
However, a Member State may, in respect of shares for which it is the most relevant market, specify by notice that both of those conditions are to apply. That notice shall be made public, and this information is included in the table published today.
The full list of shares admitted to trading on regulated markets can be found on the following database: http://mifiddatabase.cesr.eu.
