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European Union Electricity Market Glossary




The outstanding capital (number of issued shares times the share price), under MiFID I and MiFID II: minus shareholdings exceeding 5% of the total voting rights of the issuer, unless such voting rights are held by collective investment undertakings or pension funds.

Voting rights shall be calculated on the basis of all the shares to which voting rights are attached, even if the exercise of such a voting right is suspended (Commission Staff Working Document Impact Assessment Accompanying the document Commission Delegated Regulation supplementing Regulation (EU) No 600/2014 of the European Parliament and of the Council with regard to definitions, transparency, portfolio compression and supervisory measures on product intervention and positions {C(2016) 2860 final} {SWD(2016) 156 final}, 18.5.2016, SWD(2016) 157 final, p. 61).




Last Updated on Saturday, 27 August 2016 20:41


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