Insider lists must comply with the technical standards outlined in Commission Implementing Regulation (EU) 2016/347 of 10 March 2016, which provides two templates:
Issuers must use this format when reporting insider lists to the appropriate authority. All data must be saved digitally, in a format specified by each National Competent Authority.
You can download our free Excel templates here:
Please note we do not recommend using Excel to fulfill your compliance obligations.
Although issuers are free to use any method they find appropriate to comply with the specifications of each National Competent Authority, any solution involving Excel, Word, PDF or email involves a significant compliance risk and should be considered very carefully before proceeding.
Manual data entry carries a high risk of error and potential for significant fines, penalties, and reputational cost.
Excel, Word and Email are not able to track changes to records. These formats are easily open to data corruption, especially with multiple users working on the same source material.
Email and excel solutions are not suitable as an archival system, and can not provide secure access control alone, required under MAR.
Excel, Word, PDF and email were not designed with version control in mind. They can not adequately reproduce change management history in an audit compliance trail required to be compliant with MAR.
Excel and email are commonly used to store and transmit sensitive data, but are not secure or GDPR compliant. Data breaches are common, and easily subject to human vector attacks such as phishing.
Most compliance functions are manually intensive, and at risk of “cut and paste” shortcuts replicating errors. Loss of compliance and corporate knowledge if someone responsible leaves / becomes unavailable.
Our systems use sophisticated real time data validation, intelligent data capture, and rules based processing to ensure that all data is tested for quality, integrity, and is stored in a MAR compliant format.
Clients use our service to prove adherance to regulatory obligations, using it to maintain a complete audit of every administrative action.
100% of our clients say they have reduced concerns over their exposure to MAR sanctions after moving to InsiderList.
InsiderList provides a secure and robust compliance platform that helps avoid personal and professional fines, which can amount up to €15m or 15% of annual turnover.
InsiderList's platform completely replaces reliance on manual, labour intensive processes which can create significant potential for error.
Clients who automate their list management process with our digital workflow solution typically reduce their time managing MAR by c.94%.
Each year, our enterprise clients save on average 200 hours per compliance professional.
Contact us to speak with one of our regulatory experts,
who can help you in your compliance journey