ESMA_QA_1735
21/11/2017
Subject Matter
Types of transactions by PDMRs prohibited during closed periods
Original question
Are the types of "transaction" by a PDMR prohibited during a closed period under Article 19(11) of MAR the same as those types of transaction subject to the notification requirements set out under Article 19(1) of MAR?
ESMA Answer
21-11-2017
Original language
[ESMA70-145-111 MAR Q&A, Q&A 7.9]
Yes.
It is pointed out that Article 19(11) of MAR only applies to a PDMR when conducting transactions on its own account or for the account of a third party whereas the notification of transactions required under Article 19(1) of MAR also applies to persons closely associated to a PDMR.
Status: Answer Published
Additional Information
Level 1 Regulation
Market Abuse Regulation (MAR) Regulation (EU) No 596/2014 - Market Intergrity
Topic
Managers' transactions