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: (i) debt instruments issued by sovereign and corporate issuers; (ii) exchange-traded funds; (iii) money market instruments;

(c)	derivatives whose sole underlying is a financial instrument traded on a trading venue.