Letter from PDMR to PCA—continuing obligations under Article 19 Market Abuse Regulation
Published by a LexisNexis Corporate expert
PrecedentsLetter from PDMR to PCA—continuing obligations under Article 19 Market Abuse Regulation
Published by a LexisNexis Corporate expert
Precedents
[On headed notepaper of PDMR]
Strictly private and confidential
To: [insert name of person closely associated with the PDMR]
[insert address of person closely associated with PDMR]
Date: [insert date]
Dear [insert name of PCA],
Notification of transaction in the Shares or other debt or financial instruments of [full name of company] (the Company)
In connection with your obligation under Article 19(1) of the UK Market Abuse Regulation, you are required, as a PCA, to notify the Company and the Financial Conduct Authority (FCA) in writing of every transaction conducted on your own account relating to shares (or debt instruments) of the Company (or in derivatives or other financial instruments relating to those shares, eg options or debt instruments) above the amount of €5,000 per calendar year.
Where you have provided an instruction, consented to or you have otherwise had any control over the transaction, the transaction will be considered as an ‘on own account transaction’, and, under Article 19 of the UK Market Abuse Regulation, a transaction will be notifiable where, (amongst
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Jurisdiction(s):
United Kingdom
Related legal acts:
Key definition:
Continuing obligations definition
What does Continuing obligations mean?
The ongoing rules and requirements that a company must follow once admitted to listing on the Official List set out in Chapter 9 of the Listing Rules. Some of these continuing obligations derive from the Market Abuse Regulation and the Disclosure Guidance and Transparency Rules (DTR).
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