Persons discharging managerial responsibility

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Market Abuse Regulation (MAR) - European Union (EU).


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.

See also