1.This Regulation specifies the method of calculation of the 10 % fall in value for liquid shares traded on a trading venue as set out in Article 23(5) of Regulation (EU) No 236/2012.
2.This Regulation also specifies the method of calculation of the fall in value for the following financial instruments traded on a trading venue as specified in Delegated Regulation (EU) No 918/2012 adopted pursuant to Article 23(7) of Regulation (EU) No 236/2012:
(a)illiquid shares;
(b)the following non-derivative financial instruments:
debt instruments issued by sovereign and corporate issuers;
exchange-traded funds;
money market instruments;
(c)derivatives whose sole underlying is a financial instrument traded on a trading venue.