sisäpiirintieto

Sisäpiirintieto refers to non-public information that, if made public, would likely have a significant impact on the price of a company's financial instruments. This type of information is considered sensitive and its disclosure or misuse is subject to strict regulations in many jurisdictions.

In Finland, where the term "sisäpiirintieto" is commonly used, the primary legislation governing insider trading is the Market Abuse Regulation (MAR) of the European Union, implemented through national laws. The core principle is that all investors should have access to the same information simultaneously. Therefore, individuals possessing sisäpiirintieto are prohibited from trading securities based on this information or disclosing it to others who might trade.

Examples of sisäpiirintieto can include upcoming financial results, significant mergers or acquisitions, major product developments, changes in key management personnel, or regulatory decisions affecting the company. The determination of whether information qualifies as sisäpiirintieto often depends on its potential to influence an investor's decision.

Breaching regulations related to sisäpiirintieto can lead to severe penalties, including fines and imprisonment. Regulatory authorities actively monitor trading activities to detect and investigate potential insider dealing. Companies themselves are also responsible for establishing internal policies and controls to prevent the misuse of such information by their employees and associated persons. The aim is to maintain fair and orderly financial markets and protect investor confidence.