On 4 December, the Malta Financial Services Authority (MFSA)
published a
circular to inform the market that, following the publication
of EU Regulation 2024/2809 (being part of a broader effort to
promote EU capital markets, commonly referred to as the
'Listing Package'), the national threshold for the
notification of managers' transactions in terms of article 19
of the EU Market Abuse Regulation (MAR) has been increased from EUR
5,000 to EUR 10,000.
This means that persons discharging managerial responsibilities
(PDMRs), as well as the persons closely associated to them (PCAs),
will now need to notify every transaction in the financial
instruments of the issuer when the value of their respective
transactions reaches EUR 10,000 within a calendar year. PDMRs'
and PCAs' obligation to submit their notifications to both the
issuer and the MFSA has remained unchanged, as has the obligation
to submit notifications via the MFSA's online
portal.
