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Requirements for insider directories increase significantly - EQS Group introduces the INSIDER MANAGER

DGAP-Media / 2016-06-01 / 11:05

  • Issuers required to provide comprehensive information regarding insiders in the future
  • Maintenance requirements for listed companies in all segments increase significantly
  • INSIDER MANAGER creates all processes digitally and stores data in the Private Secure Cloud

Storing names, appointments, mobile numbers, project lists and more. Listed companies in the EU will soon be confronted with significantly higher requirements for their insider directories due to the substantial changes and considerable tightening of existing insider laws that will occur when the European Market Abuse Regulation (MAR, EU 596/2014) takes effect on July 3, 2016. Accordingly, listed companies and all persons acting on their behalf (including law firms) will be obligated to maintain insider lists documenting any and all individuals with temporary or permanent access to insider information. The lists must be consistently up-to-date and insiders must be notified of their duties.

Requirements for various kinds of specific mandatory collected and stored data will also be considerably more comprehensive than in the past. The number of people to be included in insider lists will increase due to new definitions of insiders, meaning new individuals, such as auditors, who were previously not considered insiders, will now face insider obligations. Additionally, the amount of personal information required will increase significantly and insiders will be required to be ordered according to projects and events, as well.

"Organizational efforts for legal and compliance departments will increase tremendously within companies through the new regulations. A simple list of insiders will no longer meet mandatory information demands any longer," explains Stephan Däschler, Head of Account Management of EQS Group. After extensive evaluation of the new regulations, the EQS Group came to the conclusion that a web-based database system for the fulfilment of obligations is the ideal solution for listed companies.

Beginning on June 1, EQS's INSIDER MANAGER will help listed companies significantly simplify the maintenance of the more complex insider information soon required. This solution includes not only the creation of comprehensive and detailed lists, as well as detecting and assigning insiders. Listed companies will also soon be required to instruct all insiders as to their insider obligations. The INSIDER MANAGER solves this task easily by automatically generating insider instructions which are then emailed to all insiders. Insiders can then confirm receipt of instructions with one click.

"Our tool fully is aligned with the workflow of compliance departments," Däschler explains. The INSIDER MANAGER was developed to also simplify existing procedures with digital processes. The INSIDER MANAGER is integrated into the EQS COCKPIT, the browser-based software solution for the workflow of Investor Relations Managers. Sensitive data is securely stored in the EQS Group's Private Secure Cloud, which meets the highest standards of data protection.

Further information can be found on


Alexander Mrohs
T: +49 (0)40 767 93 56-420

About EQS Group

The EQS Group is a leading international technology provider for Digital Investor Relations. More than 8,000 companies worldwide trust EQS's products and services to securely, efficiently, and simultaneously fulfil complex national and international information obligations to the global investment community.

The COCKPIT, a Software as a Service (Saas), digitally maps the work processes of IR managers, communicates with the company website and distributes company releases via one of the most important Financial Newswires. With further products like websites, IR tools and online company reports EQS Group is a digital single source provider.

EQS Group was founded in Munich, Germany in 2000 and has developed from a start-up to an international group with offices in the world's key financial markets. The company currently employs 200 professionals.

End of Media Release

Issuer: EQS Group AG
Key word(s): Finance

2016-06-01 Dissemination of a Press Release, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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