Jurisdiction(s):
United Kingdom
Related legal acts
Key definition
Continuing obligations definition

What does Continuing obligations mean? In capital markets practice, continuing obligations are the ongoing compliance duties a company must meet after its securities are admitted to listing or trading. In the UK, listed companies’ obligations arise principally under the FCA’s Listing rules, the Disclosure Guidance and Transparency Rules (DTR) and the UK Market Abuse Regulation (UK MAR). On AIM, they are set by the AIM Rules for Companies. In Ireland, equivalent requirements are found in the Euronext Dublin Listing Rules, the Transparency Regulations/DTR and the EU Market Abuse Regulation (MAR). The term is descriptive rather than a single statutory definition; the...

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Precedent: issuer letter to PDMR on UK MAR Article 19 dealing notification duties (including PCAs), thresholds, time limits, FCA filing, with PDMR notification form

Precedents
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[ On headed notepaper of issuer ]

Strictly private and confidential

To: [ insert name of the person discharging managerial responsibility ]
[ insert address of the person discharging managerial responsibility ]

Date: [ insert date ]

Dear [ insert PDMR name ],

Notification of transaction in the Shares or other debt or financial instruments of [ full name of company ] (the Company)

Further to your obligation under Article 19(1) of the UK Market Abuse Regulation (the Regulation), you are, as a PDMR of the Company, required to inform both the Company and the Financial Conduct Authority (FCA) of every transaction executed on your own account that relates to the Company’s shares or its debt instruments, or to derivatives or other financial instruments connected with those shares (eg options or debt instruments), where the amount is above €5,000 per calendar year...

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Web page updated on 22/05/2026

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