Persons discharging managerial responsibility: Difference between revisions
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imported>Doug Williamson (Create page. Source: The Treasurer, August 2018, p28.) |
imported>Doug Williamson (Add link.) |
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<span style="color:#4B0082">'''''Why PDMRs?'''''</span> | :<span style="color:#4B0082">'''''Why PDMRs?'''''</span> | ||
:"These disclosures have two objectives. | :"These disclosures have two objectives. | ||
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* [[Asymmetric information]] | * [[Asymmetric information]] | ||
* [[Confidential information]] | * [[Confidential information]] | ||
* [[Discharge]] | |||
* [[Disclosure]] | * [[Disclosure]] | ||
* [[European Union]] | * [[European Union]] |
Latest revision as of 17:29, 2 October 2022
Market Abuse Regulation (MAR) - European Union (EU).
(PDMR).
Under the Market Abuse Regulation, persons discharging managerial responsibility are:
- Subject to restrictions on dealing, and
- Required to disclose their dealings.
- Why PDMRs?
- "These disclosures have two objectives.
- First, to be preventative to insider dealing, and second, to be a source of useful information for the rest of the market - PDMR decisions ultimately reflect the decisions of those most closely involved with the performance of the company."
- Julia Hoggett, director of market oversight, Financial Conduct Authority, The Treasurer, August 2018, p28.