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In this act Article 28 of 92

Article 28 — Scope of personal transactions (Article 16(2) of Directive 2014/65/EU)

Financial servicesLevel 2Delegated RegulationMiFID IIIn forceOfficial source

For the purposes of Article 29 and Article 37, a personal transaction shall be a trade in a financial instrument effected by or on behalf of a relevant person, where at least one of the following criteria are met:

28(a)
(a)the relevant person is acting outside the scope of the activities he carries out in his professional capacity;
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28(b)
(b)the trade is carried out for the account of any of the following persons:
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28(b)(i)
(i)the relevant person;
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28(b)(ii)
(ii)any person with whom he has a family relationship, or with whom he has close links;
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28(b)(iii)
(iii)a person in respect of whom the relevant person has a direct or indirect material interest in the outcome of the trade, other than obtaining a fee or commission for the execution of the trade.
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