Insider list for quarterly report

Delayed disclosure of inside information concerning financial reporting

When can inside information generally be delayed? The main rule in MAR is that inside information should be published as soon as possible (Art. 17). However, a publication may be postponed if […]

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Insider list check

Insider lists – 6 situations when you are allowed to delay disclosure of inside information

The integrity of financial markets rely on the mechanisms for controlling the flow of inside information. This article highlights 6 situations when MAR regulated entities may deviate from the general rule of immediate disclosure […]

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Checklist – 7 requirements to comply with MAR

EU Regulation 596/2014, the Market Abuse Regulation (MAR), is a complex legal framework, which requires substantial resources from the companies being regulated. We have produced a condensed 7-bullet checklist with some of […]

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When to create different insider lists – flowchart

Know when you as an adviser need to create your own insider list (“sub list”) Are you supposed to create an insider list or a subsidiary insider list? Follow the arrows to […]

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Delegated list vs subsidiary list – personal responsibility, pitfalls and practical tips

As we previously addressed, EU is proceeding to finalize certain MAR amendments related to SME Growth Markets (“SMEGMs”). Regardless of the exact final wording of such amendments, it is already clear that […]

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Advisers are personally responsible for the MAR subsidiary list

MAR stipulates that persons with inside information acting on the issuer’s behalf or account must keep their own insider list. Which are the different types of insider lists? (1) Insider lists; are […]

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EU SME Growth Markets alleviations are limited

MiFID II created a new trading venue category, SME Growth Markets (SMEGMs), to facilitate SME financing. Only MTFs where at least 50% of issuers are “SMEs” (i.e. companies with average market cap […]

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Handling (inside) information and alternative data

Most professionals affected by MAR are aware that, to be classified as insider information, the information needs not only to be considered precise with a likely significant price effect – but also […]

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