ESMA_QA_1735

Status: ✅ Answer Published

Link to ESMA Q&A tool: https://www.esma.europa.eu/publications-data/questions-answers/1735

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Regulatory Context

Regulation : MAR

Level 1 Regulation: Market Abuse Regulation (MAR) Regulation (EU) No 596/2014 - Market Intergrity

Level 2 Regulation: No information available

Level 3 Regulation: No information available

Topic: Managers’ transactions

Subject Matter: Types of transactions by PDMRs prohibited during closed periods

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Question

Submission Date: 21 November 2017

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?

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ESMA Answer

Answer Date: 21-11-2017

[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.

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This document was automatically extracted from the ESMA EMIR Q&A database.