Notifiable transactions
Article 10
1
Pursuant to Article 19 of Regulation (EU) No 596/2014 and in addition to transactions referred to in Article 19(7) of that Regulation, persons discharging managerial responsibilities within an issuer or an emission allowance market participant and persons closely associated with them shall notify the issuer or the emission allowance market participant and the FCA of their transactions.
Those notified transactions shall include all transactions conducted by persons discharging managerial responsibilities on their own account relating, in respect of the issuers, to the shares or debt instruments of the issuer or to derivatives or other financial instruments linked thereto, and in respect of emission allowance market participants, to emission allowances, to auction products based thereon or to derivatives relating thereto.
2
Those notified transactions shall include the following:
a
acquisition, disposal, short sale, subscription or exchange;
b
acceptance or exercise of a stock option, including of a stock option granted to managers or employees as part of their remuneration package, and the disposal of shares stemming from the exercise of a stock option;
c
entering into or exercise of equity swaps;
d
transactions in or related to derivatives, including cash-settled transaction;
e
entering into a contract for difference on a financial instrument of the concerned issuer or on emission allowances or auction products based thereon;
f
acquisition, disposal or exercise of rights, including put and call options, and warrants;
g
subscription to a capital increase or debt instrument issuance;
h
transactions in derivatives and financial instruments linked to a debt instrument of the concerned issuer, including credit default swaps;
i
conditional transactions upon the occurrence of the conditions and actual execution of the transactions;
j
automatic or non-automatic conversion of a financial instrument into another financial instrument, including the exchange of convertible bonds to shares;
k
gifts and donations made or received, and inheritance received;
l
transactions executed in index-related products, baskets and derivatives, insofar as required by Article 19 of Regulation (EU) No 596/2014;
m
transactions executed in shares or units of investment funds, including alternative investment funds (AIFs) referred to in regulation 3 of the Alternative Investment Fund Managers Regulations 2013, insofar as required by Article 19 of Regulation (EU) No 596/2014;
n
transactions executed by manager of an AIF in which the person discharging managerial responsibilities or a person closely associated with such a person has invested, insofar as required by Article 19 of Regulation (EU) No 596/2014;
o
transactions executed by a third party under an individual portfolio or asset management mandate on behalf or for the benefit of a person discharging managerial responsibilities or a person closely associated with such a person;
p
borrowing or lending of shares or debt instruments of the issuer or derivatives or other financial instruments linked thereto.
Word in Art. 10(1) substituted (31.12.2020) by The Market Abuse (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/310), regs. 1(3), 18(5)(a); 2020 c. 1, Sch. 5 para. 1(1)
Words in Art. 10(2)(m) substituted (31.12.2020) by The Market Abuse (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/310), regs. 1(3), 18(5)(b); 2020 c. 1, Sch. 5 para. 1(1)