MFSA Update: PMDR Notifications to be Filed Online

Persons discharging managerial responsibilities (‘PMDRs’), or persons closely associated with them, are now required to submit PMDR notifications through the Malta Financial Services Authority’s (‘MFSA’) online form.

In terms of the Market Abuse Regulation (Regulation (EU) No 596/2014, hereinafter the ‘Regulation’), PMDRs and persons closely associated with them are required to notify the issuer and the MFSA of every transaction conducted on their own account relating to the shares or debt instruments of that issuer once the total value of transactions executed in a calendar year exceeds €5,000. It is important to note that such notifications must be made by no later than 3 business days from the date of the transaction.

The MFSA has issued a circular which outlines how the online form is to be filled out. Any notifications submitted on or after 1 February 2022 should be done through the online notification form. Persons discharging managerial responsibilities (‘PMDRs’), or persons closely associated with them, are now required to submit PMDR notifications through the Malta Financial Services Authority’s (‘MFSA’) online form.

In terms of the Market Abuse Regulation (Regulation (EU) No 596/2014, hereinafter the ‘Regulation’), PMDRs and persons closely associated with them are required to notify the issuer and the MFSA of every transaction conducted on their own account relating to the shares or debt instruments of that issuer once the total value of transactions executed in a calendar year exceeds €5,000. It is important to note that such notifications must be made by no later than 3 business days from the date of the transaction.

The MFSA has issued a circular which outlines how the online form is to be filled out. Any notifications submitted on or after 1 February 2022 should be done through the online notification form.