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DTR 1.1 Application and purpose (Disclosure rules)2

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 which is required to file, with the FSA, annual information in relation to shares in accordance with Article 10 of the Prospectus Directive.

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.

FSA

DTR 1.1.3GRP

In relation to the disclosure rules, the FSA is exercising its functions as the competent authority under Part VI of the Act (see section 72(1) of the Act).

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 FSA website at the following address: www.fsa.gov.uk/register/exchanges.do

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