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# Article 2 — Format and template for the notification

**Commission Implementing Regulation (EU) 2016/523 · binding · OJ L 88, 5.4.2016 · dated 10 Mar 2016 [in force]**

*In force · Commission Implementing Regulation (EU) 2016/523, OJ L 88, 5.4.2016 · Checked against EUR-Lex on 26 Oct 2026 · [Official source](https://eur-lex.europa.eu/eli/reg_impl/2016/523/oj/eng)*

1. <a id="art-2-p-1"></a>Persons discharging managerial responsibilities and persons closely associated with them shall ensure that the template for notifications set out in the Annex is used for the submission of the notifications of the transactions referred to in Article 19(1) of Regulation (EU) No 596/2014.
2. <a id="art-2-p-2"></a>Persons discharging managerial responsibilities and persons closely associated with them shall ensure that electronic means are used for the transmission of the notifications referred to in paragraph 1. Those electronic means shall ensure that completeness, integrity and confidentiality of the information are maintained during the transmission and provide certainty as to the source of the information transmitted.
3. <a id="art-2-p-3"></a>Competent authorities shall specify and publish on their website the electronic means referred to in paragraph 2 with respect to the transmission to them.