Sisäpiiriluetteloita

Sisäpiiriluetteloita, or insider lists, are records maintained by listed companies that identify individuals who possess inside information. Inside information refers to non-public information that, if made public, would be likely to have a significant effect on the price of a company's securities. These lists are a crucial tool for companies to manage and monitor potential insider trading.

The individuals included on these lists typically include directors, senior management, and other employees who, due to their position or role, are likely to have access to sensitive, price-sensitive information. In some cases, external advisors such as lawyers or auditors who are privy to such information may also be included. The purpose of maintaining these lists is to ensure that individuals with inside information are aware of their obligations and restrictions regarding trading in the company's securities.

Companies are required by regulations, such as those set forth by the European Union's Market Abuse Regulation (MAR), to establish and maintain insider lists. These lists must be regularly updated and submitted to regulatory authorities upon request. The information typically recorded includes the identity of the individual, their relationship with the company, the reason for their inclusion, and the date of their inclusion and removal from the list. This transparency and oversight are intended to prevent market abuse and maintain fair and orderly financial markets. Failure to comply with insider list requirements can result in significant penalties.