Article 19 Mar Notification To Pdmr Of Their Obligations (Letter From Issuer)
Publisher one
Genie AISource file
article_19_mar_notification_to_pdmr_of_their_obligations_(letter_from_issuer)__template.docxJurisdiction
England and WalesCost
Free to useRelevant sectors
Type of legal document
🏡 Deed of releaseBusiness activity
Release existing obligationsA deed of release is a legal document that outlines the terms of an agreement between two parties. The agreement typically involves one party releasing another party from any legal liability or obligation.
The MAR establishes rules and requirements to prevent insider trading and unlawful disclosure of inside information, thereby ensuring transparency and market integrity. PDMRs, due to their positions of authority and access to relevant information, have more extensive obligations and responsibilities regarding their dealings in the company's securities.
This template letter is sent by the issuer of securities (the company or the entity whose shares are traded on a public market) to the PDMRs, serving as a formal communication to notify them of their obligations under Article 19 of MAR. It outlines the legal requirements, restrictions, and obligations for PDMRs in relation to their transactions involving the issuer's securities.
The content of this template typically includes details about the legal framework, definitions of key terms, obligations related to insider dealing and disclosure of inside information, restrictions on dealing in securities during closed periods, and the need to notify the issuer and the regulatory bodies about transactions conducted by the PDMRs. Additionally, the template may include specific instructions on how to comply with the mentioned obligations and adhere to the regulatory requirements.
Overall, this legal template plays an essential role in ensuring PDMRs are aware of their obligations and assists in complying with the relevant laws and regulations governing their transactions in the issuer's securities. By providing a standardized format for communication, it helps issuers maintain transparency, adhere to market regulations, and mitigate the potential risks associated with insider trading or the unauthorized disclosure of inside information.
How it works
Try using Genie's Free AI Legal Assistant
Generate quality, formatted contracts with AI
Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs
Let our Legal AI make edits for you
Ask Genie to edit your document in the same way you’d ask a paralegal. Genie makes track changes, and explains its thinking just like a junior lawyer would.
AI review
Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs
Book your personalised demo now
Similar legal templates
Security Officer Contract
This Security Officer contract template is designed for a commercial security organisation (or an individual security officer) to use when contracting out their skills and services in exchange for payment. This contract sets out the type of security and security-related services to be completed by the security officer on behalf of the client, with consideration for expectations around quality and delivery timescales, as well as any mitigating circumstances. This contract allows for payment to be made by the client to the security firm or individual security officer on a weekly or monthly basis but can easily be edited to account for other payment schedules and could be altered to include bonuses conditional on performance. It can also be fully customised with the details of the two parties and the duration of the contract and can be printed, downloaded and edited freely as part of our mission to open source business legals. This is a template for contractors who fit outside of the UK's off-payroll working rules (IR35).
Publisher
Genie AIJurisdiction
England and WalesSection 179 Consent To Carry Out Building Works On A Street
The template begins by providing a space for the applicant to enter their personal information and contact details. It then proceeds to specify the purpose and details of the proposed building works, such as the nature of the construction, the anticipated duration of the project, and its potential impact on the surrounding area.
Additionally, the template covers important legal considerations, including the requirement for the applicant to obtain any necessary permits or licenses from relevant authorities or supervision bodies. It may also include clauses relating to health and safety regulations, environmental protection, and compliance with building codes and standards.
Furthermore, the document outlines the responsibilities of the applicant, including indemnifying the local government or highway authority against any damages, liabilities, or claims that may arise due to the construction activities. It emphasizes the need for the applicant to ensure public safety by employing appropriate safety measures, implementing traffic control measures if necessary, and adhering to any restrictions or conditions imposed by the relevant authorities.
The template provides a section for the applicant to obtain consent from the local government or highway authority responsible for the street. This section typically includes the name and contact details of the authority, the process for submitting the application, and any associated fees or charges.
In concluding the template, there may be space for the applicant's signature, signifying their agreement with the conditions and obligations set forth in the document. The final version of the agreement is typically retained by both the applicant and the relevant authority for record-keeping purposes.
In summary, the "Section 179 Consent To Carry Out Building Works On A Street" legal template serves as a standardized framework for individuals or organizations seeking permission to undertake construction or building works on public streets in the UK. It ensures compliance with Section 179 of the UK Highways Act 1980 and helps protect the interest of all parties involved while promoting public safety and maintaining the integrity of the street infrastructure.