On 3 July 2016, a new standardized EU-regime to prevent market abuse took effect, including new rules on disclosure of inside information, insider lists and restrictions on dealings by persons discharging managerial responsibilities. The scope of MAR is broader than the previous regime, which means that issuers listed on Nasdaq First North Growth Market now find themselves subject to these rules.
According to MAR, neither insiders nor their shareholdings need to be reported or published on the issuer’s website. An obligation to report transactions applies to persons discharging managerial responsibilities, and their associated persons, but only when such transactions reach and/or surpass the limit value of EUR 5,000 in one and the same calendar year.
Transactions that have been reported by any person discharging managerial responsibilities (so-called PDMR transactions) are listed by Finansinspektionen (the Swedish Financial Supervisory Authority).
Link to the register of PDMR transactions kept by the Swedish Financial Supervisory Authority.
General information on the new regulation is available on the website of the Swedish Financial Supervisory Authority and can be reached by this link.