🖊️ Article 19 letter

This legal template, titled "Article 19 Mar Notification From Pdmr Of Obligations (Letter To Person Closely Associated Pca) under UK law," is likely a standardized document used for notifying a person closely associated with a Primary Market Disclosure Requirement (PDMR) about their obligations under Article 19 of the Market Abuse Regulation (MAR) in the United Kingdom.

The template is designed for the purpose of complying with the legal framework in the UK, particularly MAR, which aims to prevent insider trading and other market abuses. The PDMR, typically an individual holding a senior position within a publicly-traded company, is obligated to disclose specific transactions and dealings relating to the company's securities.

In this context, the template serves as a formal letter or notification from the PDMR, who is required to provide relevant information about their obligations to a person closely associated (PCA) with them. This PCA could be a family member, entity, or any individual closely connected to the PDMR, as defined by the regulatory guidelines.

The purpose of this letter is to ensure that the PCA understands their own obligations under Article 19 of MAR and complies with the rules and regulations governing securities transactions. It may outline specific requirements, such as the PCA's responsibility to disclose any trading activities involving the company's securities, reporting deadlines, necessary documentation, and potential consequences for non-compliance.

Overall, this legal template appears to be a standardized form used in the UK to facilitate communication between a PDMR and their closely associated person, ensuring adherence to the disclosure obligations imposed by MAR and other relevant laws and regulations.