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DTR 1.1 Application and purpose (Disclosure rules)2

[Note: ESMA has also issued guidelines under article 16(3) of the ESMA Regulation on enforcement of financial information http://www.esma.europa.eu/system/files/2014-807_-_final_report_on_esma_guidelines_on_enforcement_of_financial_information.pdf]

DTR 1.1.1RRP

1The disclosure rules apply as follows:

  1. (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. (2)

    DTR 3 applies to an issuer that is incorporated in the United Kingdom:

    1. (a)

      whose financial instruments are admitted to trading on a regulated market; or

    2. (b)

      for whose financial instruments a request for admission to trading on a regulated market in the United Kingdom has been made;

  3. (3)

    the following apply to person discharging managerial responsibility, including directors, and connected persons:

    1. (a)

      DTR 1.1 and DTR 1.2;

    2. (b)

      DTR 1.3.1 R - DTR 1.3.2 G and DTR 1.3.8 R;

    3. (c)

      DTR 1.4;

    4. (d)

      DTR 1.5.3 G; and

    5. (e)

      DTR 3; and

  4. (4)

    DTR 3 applies to a non-EEA state issuer with the United Kingdom as its Home Member State.4

    4

Purpose

DTR 1.1.2GRP

The purpose of the disclosure rules is to implement:

  1. (1)

    Article 6 of the Market Abuse Directive;

  2. (2)

    Articles 2 and 3 of Commission Directive 2003/124/EC; and

  3. (3)

    Articles 5 and 6 of Commission Directive 2004/72/EC.

FCA performing functions as competent authority

DTR 1.1.3GRP

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.

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