(26) ‘person closely associated’ means: (a) a spouse, or a partner considered to be equivalent to a spouse in accordance with national law; (b) a dependent child, in accordance with national law; (c) a relative who has shared the same household for at least one year on the date of the transaction concerned; or.
Which of the following would be considered a person closely associated to you a PCA )?
As defined in Article 3(1)(26) of the UK Market Abuse Regulation (UK MAR), a: Spouse, or a partner considered to be equivalent to a spouse in accordance with national law.
What is a PCA under Mar?
The issuer, its “persons discharging managerial responsibilities” (“PDMRs”) and their “persons closely associated” (“PCAs”) all have certain important obligations under MAR. A central obligation is naturally for the issuer to draw up the list over PDMRs and PCAs.
What is unlawful disclosure?
Definition. unlawful disclosure of inside information arises where a person possesses inside information and discloses that information to any other person, except where the disclosure is made in the normal exercise of an employment, a profession or duties.
Who is subject to market abuse regulation?
MAR affects any market participant trading the following financial instruments: Any financial instruments admitted to trading on a regulated market or where a request for admission to trading on a regulated market has been made.
Who does market abuse regime apply?
It is also worth noting that the market abuse regime under MAR applies to financial instruments whose price or value depends on or has an effect on the price or value of a financial instrument traded on a EU trading venue (regulated market, MTF or OTF) .
Who does market abuse legislation apply?
Foremost, the term market soundings applies to issuers, secondary offers of financial instruments, and third parties who act on behalf of either of these two parties. In addition to these parties, market sounding regulations also apply to relevant shareholders under certain conditions.
What is disclosure inside information?
Inside information is information of a precise nature, which has not been made public, is relating directly or indirectly to an issuer and which, if it were made public, would be likely to have a significant effect on the prices of those financial instruments of the issuer.
