Company-specific insiders
A company-specific insider can be, for example, one of the following:
- a person who by virtue of his position or duties in the issuer regularly obtains inside information
- a person who works for the issuer under a contract of employment or otherwise and obtains inside information
- a person who is a member of the bodies of the issuer and obtains inside information.
Company-specific insiders are thus, for example, members of the company management group, financial managers, departmental managers and other officials of a company who have information on individual projects, or lawyers or consultants used by the company.
Company-specific insiders are not obliged to declare their shareholdings in an insider register. Instead, the issuer must maintain a detailed register on them.
A person operating on behalf or for the account of an issuer has the corresponding obligation as the issuer to maintain a company-specific insider register.
2 February 2010