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# Logwise: Logwise is an all-in-one MAR compliance platform for issuers, advisors, and financial teams. Automate insider lists, market soundings, and PDMR with ease.

## Sitemaps
[XML Sitemap](https://www.logwise.com/sitemap_index.xml): Includes all crawlable and indexable pages.

## Posts
- [EU Listing Act – Implications for MAR and Insider Lists – 4 December 2024](https://www.logwise.com/eu-listing-act-implications-for-mar-and-insider-lists-4-december-2024/): The Act was published 14 November 2024 and entered into force on 4 December 2024. Its changes to MAR are rolled out in two waves, with two different effective dates: 4 December 2024 and then a more substantive wave 5 June 2026.
- [Revised Conditions for Delaying Disclosure](https://www.logwise.com/revised-conditions-for-delaying-disclosure/): The delay mechanism (under Art. 17(4)) is retained, but one of the three conditions has been amended. The previous condition - that delay is "not likely to mislead the public" - is replaced by a more precise test: The inside information the issuer intends to delay must not be "in contrast" with the issuer's latest public announcement or other communication on the same matter. The other two conditions (protection of legitimate interests plus maintenance of confidentiality) remain unchanged.
- [Protracted Processes: Disclosure Only on the Final Event](https://www.logwise.com/protracted-processes-disclosure-only-on-the-final-event/): Under the pre-June 2026 rules: Issuers have been required to disclose inside information arising at each intermediate step of a protracted process (such as e.g. ongoing merger negotiations, a capital raise, or a restructuring) unless they formally invoked the delay mechanism (under Art. 17(4)).
- [Why PSD2 doesn’t solve PAD – and why FiDA could be the missing piece](https://www.logwise.com/why-psd2-doesnt-solve-pad/): Compliance teams at investment firms know the frustration well. Every quarter, employees are asked to log into a portal, manually upload brokerage statements, and self-certify their holdings. The system works, but not perfectly. It is built almost entirely on trust.
- [FSMA vs Nyrstar: what the ruling means for delayed disclosure and insider lists](https://www.logwise.com/fsma-nyrstar-delayed-disclosure-insider-lists/): Against that backdrop, the FSMA’s Nyrstar decision matters beyond Belgium. It reinforces a substance-over-form approach: contemporaneous, audit-ready documentation for each delay; immediate insider-list updates that mirror every disclosure-delay decision; and specific, fact-based justifications rather than generic reasons. It also clarifies directors’ personal exposure where list maintenance or delay governance falls short, and tightens expectations for the timing and content of post-event notifications. 
- [The Essential Guide to Writing and Enforcing a Code of Conduct](https://www.logwise.com/what-is-a-code-of-conduct/): Every successful organisation needs a strong code of conduct to set the tone for ethical behaviour and guide employees in their daily decisions. A well-crafted code of conduct isn’t just a document to satisfy regulators – it’s a practical tool that shapes company culture and protects your business’s integrity. 
- [Board of Directors Conflict of Interest: Compliance Best Practices](https://www.logwise.com/board-of-directors-conflict-of-interest-compliance/): Explore how to manage board conflicts of interest with clear policies, structured workflows, and secure disclosure tools for stronger governance.
- [Code of Conduct vs. Code of Ethics: What’s the Difference and Why It Matters](https://www.logwise.com/code-of-conduct-vs-code-of-ethics/): When organisations embark on creating policies for ethical conduct, two terms often emerge: code of conduct and code of ethics. These phrases are sometimes used interchangeably, which can cause confusion. 
- [Conflict of Interest Explained: Types, Policies, and Real Examples](https://www.logwise.com/conflict-of-interest-explained/): Learn how to identify and manage conflicts of interest using effective policies and compliance tools to prevent risk and ensure accountability.
- [How to Choose the Best Compliance Software Platform and Vendor](https://www.logwise.com/how-to-choose-the-best-compliance-software-platform/): Learn how to choose the right compliance software to reduce risk, eliminate manual tasks, and ensure oversight in a changing regulatory environment.
- [From Policy to Practice: Building a Scalable Compliance Policy Framework with the Right Tools](https://www.logwise.com/building-a-scalable-compliance-policy-framework/): Learn how to manage the full compliance policy lifecycle with automation, ensuring alignment, enforcement, and audit-ready tracking organisation-wide.
- [The Ultimate Guide to Compliance Management Software in 2025](https://www.logwise.com/guide-to-compliance-management-software/): Learn how to choose, implement, and scale compliance software to streamline processes, reduce risk, and support regulatory readiness.
- [How to Streamline Compliance Through Automation & Monitoring](https://www.logwise.com/streamline-compliance-through-compliance-automation/): Automate compliance tasks to reduce risk, improve oversight, and eliminate manual errors. Learn how software streamlines workflows effectively.
- [5 Essential Compliance Software Tools for Modern Regulatory Management](https://www.logwise.com/5-essential-compliance-software-tools/): Get ahead of compliance trends. See how legal tech helps companies navigate MAR, reduce risks, and adapt to regulatory changes in 2025 and beyond.
- [How Automation is Transforming Insider List Management Compliance](https://www.logwise.com/automation-for-insider-list-management/): Explore how automating insider list management reduces compliance risks, improves accuracy, and ensures audit readiness under MAR regulations.
- [How to Develop and Manage Strong Compliance Policies](https://www.logwise.com/develop-manage-compliance-policies/): Learn how to develop and manage robust compliance policies that reduce risk, improve efficiency, and support regulatory alignment across the business.
- [Understanding Market Soundings: A Guide to Compliant Capital Raising](https://www.logwise.com/market-soundings-for-capital-raising/): Learn how to conduct compliant market soundings under MAR. Manage investor consent and reduce risk with clear processes and automation.
- [5 Bank Compliance Policies for 2025 (with Compliance Procedures)](https://www.logwise.com/5-bank-compliance-policies-for-2025-with-compliance-procedures/): Explore key bank compliance policies and procedures for 2025, including AML, ESG, and fraud prevention, and how to simplify them using technology.
- [5 MAR Compliance Policies and Procedures for 2025](https://www.logwise.com/5-mar-compliance-policies-and-procedures/): Stay compliant with EU MAR by implementing five essential policies and procedures, including PAD, policy tracking, and disclosure management.
- [What Is an Insider List under MAR?](https://www.logwise.com/what-is-an-insider-list/): Learn what insider lists are, why they matter under MAR, and how to manage them effectively to ensure compliance and protect market integrity.
- [EU Listing Act – Implications concerning MAR and Insider Lists](https://www.logwise.com/eu-listing-act-implications-concerning-mar-and-insider-lists/): Explore key EU Listing Act updates, including new rules on insider disclosures, buy-back reporting, and PDMR requirements from 2024 to 2026.
- [What Is an Employee Conflict of Interest in Trading and When Does It Occur?](https://www.logwise.com/employee-conflict-of-interest-in-trading/): Learn how to identify and manage employee trading conflicts of interest using clear policies, digital PAD tools, and regular compliance checks.
- [What Are the Market Abuse Regulation Monitoring Requirements?](https://www.logwise.com/market-abuse-regulation-monitoring-requirements/): Stay compliant with EU and UK MAR by understanding insider lists, STORs, disclosure rules, and how to monitor market abuse effectively.
- [What Are the PDMR Disclosure Requirements?](https://www.logwise.com/pdmr-disclosure-requirements/): Understand PDMR disclosure obligations, the role of PCAs, and how to comply under MAR using smart policy design, alerts, and automation.
- [What Is Insider Trading and How to Prevent It?](https://www.logwise.com/what-is-insider-trading/): Learn what insider trading is, how it's regulated in the EU and US, and how to prevent it with policies, education, and compliance software.
- [Driving Sustainability: Logwise’s Commitment Highlighted by EcoVadis Bronze Medal](https://www.logwise.com/driving-sustainability/): Logwise earns EcoVadis Bronze for sustainability, ethics, and labour rights. See how we're building responsible compliance technology.
- [Managing Market Soundings in the Wake of FCA warnings in Market Watch 75: Leveraging Logwise for Compliance and Efficiency](https://www.logwise.com/managing-market-soundings-in-wake-of-fca/): Learn how sell-side firms manage market soundings under MAR. Mitigate risk and streamline compliance with Logwise tools built for legal teams.
- [MAR Requirements for Buy-Side Firms: Receiving Market Soundings and Logwise Solutions](https://www.logwise.com/mar-requirements-for-buy-side-firms/): Buy-side firms face complex MAR duties. Logwise simplifies soundings, insider list control, and reporting to help legal and compliance teams stay ahead.
- [The Role of Corporate Policy Management: Streamlining Processes with Logwise](https://www.logwise.com/the-role-of-corporate-policy-management-streamlining-processes-with-logwise/): Manage corporate policies efficiently with Logwise. Automate notifications, track confirmations, control versions, and reduce compliance risks.
- [Prioritising Data Security in Compliance Management: How Logwise Protects Your Organisation](https://www.logwise.com/prioritising-data-security-in-compliance-management-how-logwise-protects-your-organisation/): Protect sensitive data and meet MAR compliance with Logwise. Benefit from encryption, GDPR alignment, and secure infrastructure for your organisation.
- [Navigating PDMR Compliance under MAR: Best Practices and Solutions](https://www.logwise.com/navigating-pdmr-compliance-under-mar-best-practices-and-solutions/): Simplify PDMR compliance under MAR with Logwise. Automate PCA management, closed period alerts, and transaction tracking to meet regulations.
- [Confidential Lists in Financial Compliance: Streamlining](https://www.logwise.com/the-role-of-confidential-lists-in-financial-compliance-streamlining-information-management-and-staying-prepared-for-mar-requirements/): Manage sensitive information securely with confidential lists from Logwise. Streamline MAR preparation, reduce risk, and save time with automated compliance tools.
- [A Quick Guide to Insider List Management under MAR](https://www.logwise.com/a-quick-guide-to-insider-list-management-under-mar/): Ditch Excel and automate MAR compliance. Logwise ensures secure access, accurate list management, and timely regulatory submissions.
- [Master Market Sounding and Wall-Crossing with Logwise](https://www.logwise.com/master-market-sounding-and-wall-crossing-under-mar/): Ensure MAR compliance in market soundings and wall-crossing. Automate workflows, track activity securely, and reduce legal exposure with Logwise.
- [Easily Integrating Compliance Solutions into Your Existing Workflow: With Logwise](https://www.logwise.com/easily-integrating-compliance-solutions-into-your-existing-workflow-with-logwise/): Streamline MAR compliance by integrating Logwise into your workflow with tailored onboarding, user training, and continuous operational support.
- [The Benefits of Automating Insider List Management](https://www.logwise.com/the-benefits-of-automating-insider-list-management/): Automate insider list management under MAR. Logwise helps reduce manual error, enforce access control, and maintain audit-ready documentation.
- [Automated Wall-Crossing: Improving Compliance and Efficiency](https://www.logwise.com/automated-wall-crossing-improving-compliance-and-efficiency/): Improve compliance and deal flow with automated wall-crossing. Logwise streamlines secure information sharing and reduces manual effort.
- [The Value of Expert Support in Navigating MAR Compliance](https://www.logwise.com/the-value-of-expert-support-in-navigating-mar-compliance/): Streamline MAR compliance with expert support. Logwise provides guidance, reporting tools, and training to ensure secure and up-to-date disclosures.
- [Checklist – 7 Requirements To Comply with MAR](https://www.logwise.com/read-our-7-step-checklist-for-mar-compliance/): Use our 7-point MAR checklist. Valid for both manual and automated processes, it helps ensure compliance with disclosure and list-keeping obligations.
- [MAR “Persons Closely Associated” vs IAS 24 “Related Parties” – Definitions and Differences](https://www.logwise.com/mar-persons-closely-associated-vs-ias-24/): Clarify PCA definitions under MAR vs IAS 24. Logwise helps maintain clear, accurate records to support audits and reduce compliance risk.
- [A Deep Dive in The Market Soundings Safe Harbour](https://www.logwise.com/a-deep-dive-in-the-market-soundings-safe-harbour/): Understand MAR Art. 11 safe harbour rules. Logwise helps manage market soundings, reduce legal risk, and comply with ESMA’s latest guidance.
- [ESMA Amended Guidelines on Delayed Disclosure Entail Limited Changes](https://www.logwise.com/esma-amended-guidelines-on-delayed-disclosure-entail-limited-changes/): Adapt to ESMA’s new MAR guidelines on delayed disclosure. Logwise ensures timely, confidential handling of inside information by financial institutions.
- [Stricter MAR Inside Information Regulations Enforcement and The Importance of Acting “Immediately” and “As Soon As Possible”](https://www.logwise.com/stricter-mar-inside-information-regulations-enforcement-and-the-importance-of-acting-immediately-and-as-soon-as-possible/): Disclose inside information promptly under MAR. Ensure supervisory notification is made immediately when publication has been delayed.
- [Overuse of Insider Lists Requirements  Relating to Market Soundings](https://www.logwise.com/overuse-of-insider-lists-requirements-relating-to-market-soundings/): Avoid MAR missteps in market soundings. Understand which scenarios trigger insider list duties and which are exempt under Article 18.
- [ESMA Market Abuse Regulation (MAR) Guidelines Amendments Consultation](https://www.logwise.com/esma-market-abuse-regulation-mar-guidelines-amendments-consultation/): Stay compliant with ESMA’s evolving MAR rules. Logwise supports issuers with secure delayed disclosure tracking and safe harbour adherence.
- [Legal Entities as “Persons Closely Associated” Under MAR](https://www.logwise.com/legal-entities-persons-closely-associated-mar/): Understand and manage PCA entities under MAR with Logwise. Track control, influence, and economic ties to ensure compliance with confidence.
- [The ESMA MAR Review Final Report, Sep 2020 – Insider Lists and Market Soundings Takeaways](https://www.logwise.com/the-esma-mar-review-final-report-insider-lists-and-market-soundings-takeaways/): Explore ESMA’s final MAR report from 2020. See what changed in insider list and market sounding obligations, and how to meet the updated expectations.
- [Guide To Permanent Insiders and Persons Discharging Managerial Responsibilities](https://www.logwise.com/guide-permanent-insiders-persons-discharging-managerial-responsibilities/): Know the difference between PDMRs and permanent insiders. Under MAR, different roles trigger different compliance and list-keeping obligations.
- [Delayed Disclosure of Inside Information Concerning Financial Reporting](https://www.logwise.com/delayed-disclosure-inside-information-concerning-financial-reporting/): Ensure compliant financial reporting under MAR. Learn how to identify inside information, assess delays, and document decisions properly.
- [Insider Lists – 6 Situations When You Are Allowed To Delay Disclosure of Inside Information](https://www.logwise.com/6-situations-to-create-insider-list/): Delayed disclosure is only allowed when three MAR conditions are met. Learn when postponement is justified and how to manage risk and compliance.
- [When to Create Different Insider Lists – Flowchart](https://www.logwise.com/when-to-create-different-insider-lists-flowchart/): Need to create an insider list for advisers? Understand when sublists are required, what MAR demands, and how to comply confidently step by step.
- [Which Are The MAR Sanctions?](https://www.logwise.com/which-are-the-mar-sanctions/): Explore the full range of MAR sanctions, including public warnings, bans, and heavy fines for breaches by both individuals and legal entities.
- [Which Are The MAR Sanctioned Infringements?](https://www.logwise.com/which-are-the-mar-sanctioned-infringements/): Avoid costly MAR breaches. Understand infringements from insider dealing to record-keeping failures and how to stay aligned with regulatory standards.
- [The requirements on management of Persons Discharging Managerial Responsibilities (PDMRs) (art. 19), including;](https://www.logwise.com/the-requirements-on-management-of-persons-discharging-managerial-responsibilities-pdmrs-art-19-including/): Learn the key sanctions for mishandling PDMR obligations under MAR, including failures in list updates, notifications, and timely submissions.
- [How is The Logbook Kept?](https://www.logwise.com/how-is-the-logbook-kept/): Master insider list compliance. Understand MAR requirements for creation, updates, record retention, and what to provide during regulatory reviews.
- [How is The List of PDMRs and PCAs Kept?](https://www.logwise.com/how-is-the-list-of-pdmrs-and-pcas-kept/): Issuers must maintain a private list of all PDMRs and PCAs, including names and roles. However, they are not responsible for verifying associations.
- [Who is a “Permanent Insider”?](https://www.logwise.com/who-is-a-permanent-insider/): Permanent insiders have ongoing access to all inside information, but under MAR, creating a permanent insider list for them is not mandatory.
- [What is “Inside Information”?](https://www.logwise.com/what-is-inside-information/): Inside information is non-public, precise data likely to affect prices of financial instruments, including M&A, disputes, or financial difficulties.
- [Sources on the web](https://www.logwise.com/sources-on-the-web/): EU regulation 596/2014 defines insider dealing, unlawful disclosure, and market manipulation. Learn what’s covered and where to find the details.
- [When Can “Postponed Disclosure” Occur?](https://www.logwise.com/can-postponed-disclosure-occur/): Inside information must be disclosed promptly unless delay protects company interests, avoids misleading the public, and ensures confidentiality.
- [Who is a “Person Discharging Managerial Responsibilities” (PDMR)?](https://www.logwise.com/person-discharging-managerial-responsibilities-pdmr/): PDMRs must report trades within three business days and observe a 30-day ban. Understand what qualifies as a PDMR and what rules apply under MAR.
- [Which Companies are Covered by MAR?](https://www.logwise.com/which-companies-are-covered-by-mar/): MAR applies to companies on regulated markets, MTFs, and OTFs, including issuers of bonds, derivatives, and structured financial products.
- [Advisers Are Personally Responsible for The MAR Subsidiary List](https://www.logwise.com/subsidiary-insider-lists-advisers-are-personally-responsible-for-the-mar-subsidiary-list/): If advisers access inside information, they must maintain sublists. Issuers remain fully responsible, even when insider list duties are delegated.
- [Delegated List vs Subsidiary List – Personal Responsibility, Pitfalls and Practical Tips](https://www.logwise.com/delegated-list-vs-subsidiary-list-personal-responsibility-pitfalls-and-practical-tips/): Understand why MAR alleviations for SME Growth Markets apply narrowly, and why most advisers must still comply fully with Article 18 list requirements.
- [Handling (Inside) Information and Alternative Data](https://www.logwise.com/handling-inside-information-and-alternative-data/): Clarify what qualifies as “public” under MAR and how this affects whether precise, price-sensitive data must be disclosed or can remain confidential.
- [EU SME Growth Markets Alleviations are Limited](https://www.logwise.com/eu-sme-growth-markets-alleviations-are-limited/): MAR currently provides only two minor alleviations for SMEGM issuers: allowing to post inside information on the trading venue's website, instead of the issuer's website, and allowing establishing the insider lists first when requested by the NCA. These alleviations have proven to have very limited effect.
- [EU Listing Act – Implications for MAR and Insider Lists](https://www.logwise.com/eu-listing-act-implications-for-mar-and-insider-lists/): The Act was published 14 November 2024 and entered into force on 4 December 2024. Its changes to MAR are rolled out in two waves, with three different effective dates: 4 December 2024 and then a more substantive wave 5 June 2026, and new insider list formats effective 5 July 2026.

## Pages
- [Personal Account Dealing](https://www.logwise.com/employee-trade-reporting/): Streamline every step of personal account dealing — from pre-trade clearance to transaction and holdings tracking. Logwise automates policy enforcement, logs actions for full audit trail, and instantly alerts on suspected violations — so your compliance stays strong and hands-free.
- [Buy-side (Solutions)](https://www.logwise.com/buy-side-solutions/): Effortlessly manage and control market soundings and wall-cross requests from multiple channels. Stay compliant with EU Market Abuse Regulation (MAR) and other regulatory requirements.
- [Automated Insider list](https://www.logwise.com/automated-insider-list-management/): Logwise replaces spreadsheets and manual processes with a secure, guided, and intuitive solution that makes insider list compliance simple, structured, and audit-ready.
- [Policy Management](https://www.logwise.com/policy-compliance-management/): Navigate policy oversight effortlessly with a platform that automates policy compliance management, reduces manual work, and keeps every company policy on track.
- [Security and data processing](https://www.logwise.com/security/): As a compliance solution provider Logwise takes security and data privacy very seriously, ensuring the proper and safe processing of client and user data is one of our highest priorities. Our focus on security and privacy reaches all parts of Logwise from development of new functionality to all our operational commitments to clients.
- [Confidential Lists](https://www.logwise.com/confidential-lists/): Stay ahead of inside information obligations by using confidential lists to control sensitive information and seamlessly upgrade to full insider lists when the time comes.
- [Advanced Identity Management](https://www.logwise.com/advanced-identity-management/): Below is a summary of Logwise IdentityEmails project.
- [PDMR](https://www.logwise.com/pdmr/): Automate the complete process related to Persons Discharging Managerial Responsibilities (PDMRs) to ensure compliance with MAR. Full support for closed period notifications, management of Persons Closely Associated (PCAs), transaction reporting, and IAS 24 related party identification.
- [Sammanfattning av FI:s tillsynsrapport – insiderförteckningar](https://www.logwise.com/finansinspektionens-tillsynsrapport/): Insiderförteckningar – verktyg för emittenter och myndigheter
- [Document the decision to delay disclosure of inside information](https://www.logwise.com/document-decision/): In accordance with Commission Implementing Regulation (EU) 2016/1055 Issuers and emission allowance market participants shall be able to provide a written explanation of a delay in the disclosure of inside information
- [Features](https://www.logwise.com/features/): Create an insider list. Add who is responsible for the decision to delay disclosure. Use your local time zone to fill in when the decision to delay disclosure took place. All conversion to UTC (Coordinated Universal Time) is handled automatically by the system. Motivate your decision to delay disclosure.
- [Subsidiary insider lists](https://www.logwise.com/subsidiary-insider-lists/): Pursuant to MAR Art. 18: Any person acting on behalf or the account of an issuer, shall independently maintain a subsidiary insider list (“sublist”).
- [Market Soundings](https://www.logwise.com/market-soundings/): Unlock faster, fully compliant workflows that streamline market soundings and wall-crossing for both sell-side and buy-side teams. As a market-leading solution, Logwise combines automation, audit control, compliance risk reduction, and faster deal execution—all in one secure platform.
- [Articles](https://www.logwise.com/articles/)
- [Our Solutions](https://www.logwise.com/solutions/): From regulatory workflows like insider lists and markets soundings to personal account dealing, Logwise offers compliance solutions to help you build a smarter, faster, and fully auditable compliance process - tailored to the needs of listed companies, financial institutions and advisors.
- [About](https://www.logwise.com/about/): Joshua Juan is a dedicated full-stack developer from Spain, with over seven years of experience in web development. Specializing in PHP and JavaScript, has honed his skills to create dynamic and responsive web applications and websites, particularly leveraging the WordPress platform to bring clients’ visions to life.
- [Compliance Management Solutions](https://www.logwise.com/): Logwise tracks and streamlines everything from insider list creation to PDMR approvals, ensuring all compliance records are complete, accessible, and review-ready for internal teams and regulators.

## Testimonials
- [Pontus Hahne](https://www.logwise.com/testimonial/pontus-hahne/): Fearnley Securities has been using Logwise for 3 years, and we are extremely satisfied with the solutions the system has provided. It is an efficient system featuring automated processes that have significantly reduced manual labor, boosted overall productivity, and minimised errors.
- [Marianne Olsson](https://www.logwise.com/testimonial/marianne-olsson/): I am very satisfied with Logwise. You can add insiders to existing lists and notify the NCA with ease.