Sisäpiirilistan

Sisäpiirilistan is a Finnish term that translates to "insider list" and refers to a record of individuals who have access to non-public information that could affect the stock price of a publicly traded company. This information is often referred to as inside information. Companies are legally obligated to maintain and update such lists.

The purpose of a sisäpiirilistan is to ensure transparency and prevent insider trading, which is illegal. By documenting who has access to sensitive information, regulators and the company itself can track potential leaks and suspicious trading activities. The list typically includes employees, executives, board members, and sometimes external advisors or consultants who are privy to material non-public information.

In Finland, the regulations surrounding insider information and the maintenance of sisäpiirilistan are governed by securities market legislation. Companies must report significant transactions made by persons on the insider list. Failure to comply with these regulations can result in significant penalties. The existence and management of the sisäpiirilistan are crucial components of a company's corporate governance and compliance framework.