Article 1

Commission Directive 2004/72/EC of 29 April 2004 implementing Directive 2003/6/EC of the European Parliament and of the Council as regards accepted market practices, the definition of inside information in relation to derivatives on commodities, the drawing up of lists of insiders, the notification of managers' transactions and the notification of suspicious transactions (Text with EEA relevance) · European Union

Definitions For the purpose of applying Article 6(10) of Directive 2003/6/EC: 1. "Person discharging managerial responsibilities within an issuer" shall mean a person who is a member of the administrative, management or supervisory bodies of the issuer: a senior executive, who is not a member of the bodies as referred to in point (a), having regular access to inside information relating, directly or indirectly, to the issuer, and the power to make managerial decisions affecting the future developments and business prospects of this issuer. 2. 'Person closely associated with a person discharging managerial responsibilities within an issuer of financial instruments' shall mean: the spouse of the person discharging managerial responsibilities, or any partner of that person considered by national law as equivalent to the spouse; according to national law, dependent children of the person discharging managerial responsibilities; 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; 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. 3. "Person professionally arranging transactions" shall mean at least an investment firm or a credit institution. 4. "Investment firm" shall mean any person as defined in Article 1(2) of Council Directive 93/22/EEC(4); 5. "Credit institution" shall mean any person as defined in Article 1(1) of Directive 2000/12/EC of the European Parliament and of the Council(5); 6. "Competent authority" shall mean the competent authority as defined in Article 1(7) of Directive 2003/6/EC.

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Source: EUR-Lex (Cellar) · retrieved 2026-10-12 · Text as adopted (Official Journal); later amendments are not incorporated in this text.