Central storage of regulated information

Legislation

Pursuant to Article 19 of regulation (EU) No 596/2014 of the European Parliament and of the Council on market abuse (market abuse regulation) persons discharging managerial responsibilities, as well as persons closely associated with them are required to notify the issuer and Finantsinspektsioon in respect of issuers, of every transaction conducted on their own account relating to the shares or debt instruments of that issuer or to derivatives or other financial instruments linked thereto. Article 19 of the regulation states also, when such notifications shall be made to the Finantsinspektsioon at latest, what is the threshold for transaction notifications and when the closed period applies for transactions. 

The types of transactions subject to notification are outlined in Commission Delegated Regulation (EU) 2016/522 (article 10) supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council as regards an exemption for certain third countries' public bodies and central banks, the indicators of market manipulation, the disclosure thresholds, the competent authority for notifications of delays, the permission for trading during closed periods and types of notifiable managers' transactions.

The information required in transaction notification is explained in Commission Implementing Regulation (EU) 2016/523 laying down implementing technical standards with regard to the format and template for notification and public disclosure of managers' transactions in accordance with Regulation (EU) No 596/2014 of the European Parliament and of the Council.