Status: You are viewing the version of the handbook as on 2009-03-31.

person discharging managerial responsibilities

    26(in accordance with section 96B(1) of the Act):

      1. (a) a director of an issuer:
        1. (i) registered in the United Kingdom that has requested or approved admission of its shares to trading on a regulated market; or
        1. (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 who is required to file annual information in relation to shares in the United Kingdom in accordance with Article 10 of the Prospectus Directive; or
      1. (b) a senior executive of such an issuer who:
        1. (i) has regular access to inside information relating, directly or indirectly, to the issuer; and
        1. (ii) has power to make managerial decisions affecting the future development and business prospects of the issuer.