Glossary Definition

 

 

person discharging managerial responsibilities
FCAPRA
12(in accordance with section 96B(1) of the Act):
(a) a director of an issuer:
(i) registered in the United Kingdom that has requested or approved admission of its shares to trading on a regulated market; or
(ii) not registered in the United Kingdom or any other EEA State but has requested or approved admission of its shares to trading on a regulated market and 79for whom the United Kingdom is its Home Member State79; or
(b) a senior executive of such an issuer who:
(i) has regular access to inside information relating, directly or indirectly, to the issuer; and
(ii) has power to make managerial decisions affecting the future development and business prospects of the issuer.