(1)Article 19(11) of Regulation (EU) No 596/2014 prohibits persons discharging managerial responsibilities from trading certain financial instruments during a period of 30 calendar days before the issuer’s financial reporting (closed period), unless an exemption applies. Regulation (EU) 2024/2809 of the European Parliament and of the Councilnote amended Article 19(12) of Regulation (EU) No 596/2014 to extend the scope of the exemptions to cover financial instruments other than shares. That amendment to Article 19(12) of Regulation (EU) No 596/2014 should be reflected in Commission Delegated Regulation (EU) 2016/522note.
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