Do you have problems distinguishing permanent and project-related insiders? This article will help you.
Permanent insider lists are being used to varying degrees for their intended purpose and still appear to be a grey area for some.
Adding insiders to a permanent list as a means to avoid having to add them to multiple project lists impinges on the true intention of permanent lists. With the FCA’s recent emphasis that complying with MAR is more than adhering to a set of prescriptive requirements, it requires a state of mind – judgement on whether someone is truly a permanent insider is elemental in subscribing to this state of mind.