# Commission Directive 2006/73/EC of 10 August 2006 implementing Directive 2004/39/EC of the European Parliament and of the Council as regards organisational requirements and operating conditions for investment firms and defined terms for the purposes of that Directive (Text with EEA relevance), Article 11: (Article 13(2) of Directive 2004/39/EC)Meaning of personal transaction

Extent: E+W+S+N.I.

For the purposes of Article 12 and Article 25, personal transaction means 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:
(a) that relevant person is acting outside the scope of the activities he carries out in that capacity;
(b) the trade is carried out for the account of any of the following persons:
(i) the relevant person;
(ii) any person with whom he has a family relationship, or with whom he has close links;
(iii) a person whose relationship with the relevant person is such that the relevant person has a direct or indirect material interest in the outcome of the trade, other than a fee or commission for the execution of the trade.

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Source: https://www.legislation.gov.uk/eudr/2006/73/article/11 (the official version)
Page: https://openlegislation.uk/eu-directive-2006-73/article-11
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.