The TC TECH share
On July 3 2016, a new standardized EU-wide 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. This new EU Market Abuse Regulation (”MAR”) had direct effect and thus applied automatically in all EU Member States. The scope of MAR is broader than the previous regime, meaning that some issuers that were previously outside the scope of the market abuse regime – such as issuers listed on Nasdaq First North – now find themselves subject to these rules for the first time.
From 3 July 2016, 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.
As a consequence of this new regime, TC TECH has deleted the list of insiders and their shareholdings from its website. 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 Finansinspektionen and can be reached by this link.