Person closely associated with a person discharging managerial responsibilities within an issuer of financial instruments

Definitions over time (1)

30/04/2004 – today applies on 12/11/2026 Article 1, Commission Directive 2004/72/EC Scope: Whole act

'Person closely associated with a person discharging managerial responsibilities within an issuer of financial instruments' shall mean: (a) the spouse of the person discharging managerial responsibilities, or any partner of that person considered by national law as equivalent to the spouse; (b) according to national law, dependent children of the person discharging managerial responsibilities; (c) other relatives of the person discharging managerial responsibilities, who have shared the same household as that person for at least one year on the date of the transaction concerned; (d) any legal person, trust or partnership, whose managerial responsibilities are discharged by a person referred to in point 1 of this Article or in letters (a), (b) and (c) of this point, or which is directly or indirectly controlled by such a person, or that is set up for the benefit of such a person, or whose economic interests are substantially equivalent to those of such person.