What is a Pdmr transaction?
Persons discharging managerial responsibilities, and closely associated persons, must report to Finansinspektionen changes in their holdings. Transactions that are reported in the system are automatically published immediately after FI has received the notification.
Who is a Pdmr?
A PDMR is defined in MAR as a person within an issuer who is (i) a member of the administrative, management or supervisory body of that entity; or (ii) a senior executive who is not a member of any of these bodies who has regular access to inside information relating directly or indirectly to that entity and power to …
What markets does the market abuse regulation cover?
The EU Market Abuse Regulation prohibits insider dealing, unlawful disclosure of inside information, and market manipulation. It has significant extraterritorial effect, and applies to instruments listed or traded on a variety of EU venues.
What is market abuse examples?
These include: Selling or buying at the close of the market with the purpose of misleading those who will act on closing prices (unless done legitimately). Wash trades. Selling and buying the same financial instruments to create a false impression of activity in the marketplace.
Who do market abuse regulations apply to?
Under MAR, PDMRs are required to notify relevant authorities of any order or transaction undertaken on personal accounts that relate to the issuer or EAMP. This applies to all financial instruments, including, but not limited to, shares, derivatives, and debt instruments.
What are the three behaviours of market abuse?
In this second part, we look at the three remaining behaviours: manipulating devices, dissemination, and distortion and misleading behaviour.
What are the two main types of market abuse?
Understanding the actual meaning of market abuse
- Insider dealing- In this type of scenario, generally a person who is having some very important information that is usually not available to the investors, uses this information for their own personal gain.
- Market manipulation – This is yet another case of market abuse.
What is covered by Mar?
Market manipulation regulations relate to all financial instruments traded on regulated markets, MTFs and OTFs. This includes securities, but also extends to derivative transactions, spot commodity contracts, and market instruments if affected by the price/value of a financial instrument.
Does Mar apply to MTF?
MAR also covers financial instruments traded on Multilateral Trading Facilities (MTF), financial instruments traded on Organised Trading Facility (OTF), emission allowances and any other financial instruments the price of which depends on or has an effect on the price of an instrument traded in a RM, MTF or OTF.
Who is subject to UK Mar?
UK MAR Article 19 requires persons discharging managerial responsibilities within certain issuers (PDMRs), and persons closely associated with them (PCAs), to notify us and the issuer of relevant personal transactions they undertake in the issuer’s shares, debt instruments, derivatives, or other linked financial …