Scope of personal transactions
(Article 16(2) of Directive 2014/65/EU)
For the purposes of Article 29 and Article 37, a personal transaction shall be a trade in a financial instrument effected by or on behalf of a relevant person, where at least one of the following criteria are met:
the relevant person is acting outside the scope of the activities he carries out in his professional capacity;
the trade is carried out for the account of any of the following persons:
the relevant person;
any person with whom he has a family relationship, or with whom he has close links;
a person in respect of whom the relevant person has a direct or indirect material interest in the outcome of the trade, other than obtaining a fee or commission for the execution of the trade.