1.Person Discharging Managerial Responsibilities (PDMR)
As a PDMR you are regulated under MAR based on your position in the company. As a PDMR you should:
- Ensure you have read and understood your obligations in the legal memorandum for PDMRs (available in the service and sent in an email to you)
- Confirm obligations by signing the memorandum
- Inform and register your persons closely associated (PCA)
If you have received PDMR status, follow the following steps to complete all the requirements.
In the initial email that you receive and in all reminders there is a PDF attached which details what your obligations as a PDMR are under the EU Market Abuse Regulation. Read the PDF and ensure that you understand the obligations that you now have.
Update personal information
To view or update any of your personal information then click the three-dotted menu and then edit.
1.1 To confirm your obligations as PDMR, click "SIGN NOTIFICATION"
Navigate to the "SIGN NOTIFICATION" box and click it, this will present you with a pop up screen seen in the next step.
1.2 Click "PROCCED TO READ AND SIGN NOTIFICATION"
This will redirect you to "Egreement" where you are to read, and sign, the memorandum.
1.3 Once you've read the memorandum, click the green "Sign" box in the bottom right hand corner
Read the memorandum, on the right hand side of your screen, and click the "Sign" box:
This will present you with the options to sign the Memorandum using Swedish / Norwegian BankID, Finnish EID, a drawn signature or through SMS.
As a PDMR you are also obliged to inform and register your persons closely associated (PCA).
2.1 Navigate to the "My PDMR" screen by clicking your initial in the top right hand corner
First select what type of association you have to the person(s). On the right hand side of the screen you will se an explanation as to what constitutes the category you have selected.
Once you have selected the type of association, please fill in the details, and click the "ADD ASSOCIATE" button in the bottom right hand corner.
You are obliged under MAR to add all PCAs relevant to you, meaning you may have to add several associates in the Logwise service, repeating the above process for each one.
You are now done and have fulfilled your obligations as a PDMR under MAR.
To understand what PCAs are requested to do, read our article on PCAs.
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