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New version applies from 29/03/2021 — introduced by Commission Delegated Regulation (EU) 2021/527. 17 provisions change. Later versions: 22/08/2021, 02/08/2022. Article 28 changes in this version: compare with the current text.

Article 28

Article 28

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:

(a)

the relevant person is acting outside the scope of the activities he carries out in his professional capacity;

(b)

the trade is carried out for the account of any of the following persons:

(i)

the relevant person;

(ii)

any person with whom he has a family relationship, or with whom he has close links;

(iii)

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.

Official text · consolidated version 11/10/2019 (no longer in force) Open full page ↗
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