DTR 1.1 Application and purpose (Disclosure rules)2
1The disclosure rules apply as follows:
- (1)
DTR 1 and DTR 2 apply to an issuer whose financial instruments are admitted to trading on a regulated market in the United Kingdom or for which a request for admission to trading on a regulated market in the United Kingdom has been made;
- (2)
DTR 3 applies to an issuer that is incorporated in the United Kingdom:
- (a)
whose financial instruments are admitted to trading on a regulated market; or
- (b)
for whose financial instruments a request for admission to trading on a regulated market in the United Kingdom has been made;
- (a)
- (3)
the following apply to person discharging managerial responsibility, including directors, and connected persons:
- (a)
- (b)
DTR 1.3.1 R - DTR 1.3.2 G and DTR 1.3.8 R;
- (c)
- (d)
DTR 1.5.3 G; and
- (e)
DTR 3; and
- (4)
DTR 3 applies to a non-EEA state issuer with the United Kingdom as its Home Member State.4
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Purpose
The purpose of the disclosure rules is to implement:
- (1)
Article 6 of the Market Abuse Directive;
- (2)
Articles 2 and 3 of Commission Directive 2003/124/EC; and
- (3)
Articles 5 and 6 of Commission Directive 2004/72/EC.
FCA performing functions as competent authority
Other relevant parts of Handbook
Note: Other parts of the Handbook that may also be relevant to persons to whom
the disclosure rules apply include DEPP (Decision Procedure and Penalties Manual)3 and 3Chapter 9 of SUP (the Supervision manual).
The following Regulatory Guides are also relevant:3
1. The Enforcement Guide (EG)3
2. [intentionally blank]3
Note: A list of regulated markets can be found on the FCA website at the following address: www.fsa.gov.uk/register/exchanges.do
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