• References to negotiated transaction

    • MIR 3.5.9

      For the purpose of Rule 3.5.7(b), a negotiated transaction shall mean a transaction involving Members or participants of a Recognised Investment Exchange which is negotiated privately but executed within the Recognised Investment Exchange and where that Member or participant in doing so undertakes one of the following tasks:
      (a) dealing on own account with another Member or participant who acts for the account of a Client;
      (b) dealing with another Member or participant, where both are executing orders on own account;
      (c) acting for the account of both the buyer and seller;
      (d) acting for the account of the buyer, where another Member or participant acts for the account of the seller; or
      (e) trading for own account against a Client order.

    • MIR 3.5.10 [Deleted]

      An order shall be considered to be large in scale compared with normal market size if it is equal to or larger than the minimum size of order specified in Rule 3.5.11. For the purposes of determining whether an order is large in scale compared to normal market size, all Financial Instruments admitted to trading on a regulated market shall be classified in accordance with their average daily turnover, which shall be calculated in accordance with the procedure set out in Rule 3.5.11.

    • MIR 3.5.11 Waivers in relation to transactions which are large in scale

      For the purpose of Rule 3.5.7(c), an order shall be considered to be large in scale compared with normal market size if it is equal to or larger than the minimum size of order specified in Rule 3.5.11. For the purposes of determining whether an order is large in scale compared to normal market size, all Financial Instruments admitted to trading on a Recognised Investment Exchange market shall be classified in accordance with their average daily turnover, in accordance with Rule 3.5.12.

    • MIR 3.5.12 Orders large in scale compared with normal market size

      Class in terms of average daily turnover (ADT) ADT < USD 500 000 USD 500 000 < ADT < USD 1 000 000 USD 1 000 000 < ADT < USD 25 000 000 USD 25 000 000 < ADT < USD 50 000 000 ADT > USD 50 000 000
      Minimum size of order qualifying as large in scale compared with normal market size USD 50 000 USD 100 000 USD 250 000 USD 400 000 USD 500 000