(2) For the purposes of paragraph (7)(b) and subject to subsections (3), (4) and (6), the “market price” of a unit of a class of formal equity on any day is the simple average of the closing prices of units of that class for each day on which there was a closing price that falls not more than ten days, exclusive of Saturdays, Sundays and holidays, before that day.

I would argue that the degree to which market participation has grown significantly would mean that if market prices dropped or the equities markets fall significantly, they would have a greater impact then, maybe.

As a greater and greater percentage of that market becomes indexed or passively managed, then that information flow isn't being suitably reflected in the market price or the share price of the companies in the TSE 300.

The Commission will determine the need for restructuring through a proportionate assessment of the long-term viability of banks, taking full account of all relevant elements: whether the capital shortage is essentially linked to a confidence crisis on sovereign debt, the public capital injection is limited to the amount necessary to offset losses stemming from marking sovereign bonds of the EEA Member States to market in banks which are otherwise viable, and the analysis shows that the bank in question did not take excessive risk in acquiring sovereign debt.

It will report on the drive towards the completion of the internal electricity market and further analyse the options for and the impact of possible harmonisation.

* European markets should be well-placed to take advantage of imminent globalisation of securities markets.