UK: Changes to timescale for notification by issuers of PDMR dealings (October 2020)
On Wednesday 21 October, the Financial Services Bill 2019-21 was published and had its first reading in the House of Commons. The Bill is intended to ensure the UK's financial services regulatory framework continues to function effectively after the UK leaves the EU. Alongside a host of provisions relating to prudential standards and benchmark indices, the Bill contains a number of measures relating to PDMR dealings, insider lists and market abuse. The precise timing of when the Bill will become law is uncertain.