01.06.2016
EQS Group AG DE0005494165
Requirements for insider directories increase significantly - EQS Group introduces the INSIDER MANAGER
DGAP-Media / 01.06.2016 / 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 www.insider-manager.com.
Contact:
Alexander Mrohs
T: +49 (0)40 767 93 56-420
E: [email protected]
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.
www.eqs.com
End of Media Release
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Issuer: EQS Group AG
Key word(s): Finance
01.06.2016 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.
Archive at www.dgap.de
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Language: English
Company: EQS Group AG
Karlstr. 47
80333 Munich
Germany
Phone: +49(0)89 210298-0
Fax: +49(0)89 210298-49
E-mail: [email protected]
Internet: www.eqs.com
ISIN: DE0005494165
WKN: 549416
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Munich
(m:access), Stuttgart; Open Market (Entry Standard) in
Frankfurt
End of News DGAP Media
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