Persons with an insider position
Persons with an insider position who
through their position in the company are considered to very likely have access to insider information about the company. The following persons have an insider position:
- a member or alternate member of the company's or its parent company's board of directors
- a managing director or deputy managing director of the company or its parent company
- an auditor or deputy auditor of the company or its parent company
- a partner in a partnership that is the company's parent company, though not a limited partner
- a holder of an other senior executive post or qualified function of a permanent nature at the company or its parent company, if the post or function can normally be considered to have access to non-public information on circumstances that may affect the company's share price
- a holder of a senior executive post or a service provider in accordance with points 1-3 and 5 above in a subsidiary if they may normally be considered to have access to non-public information which may affect the company’s share price
- larger shareholders who themselves, together with one or more natural or legal persons in concert or through a company, own at least ten per cent of the share capital or number of votes for all shares in the company
At the request of a listed company, or its parent company, FI may examine whether an employee or service provider has an insider position. The request shall be made in writing.
Closely related parties of persons with an insider position
Persons with an insider position are also obligated to report their closely related parties' shareholdings and changes in those holdings. Closely related parties include:
- a spouse or cohabitee of the person with an insider position
- minor children who are in the custody of the person with an insider position
- other closely related parties if they have shared a household with the person who has an insider position for at least one year
- legal person (Swedish or foreign) whose activities are significantly influenced by the person with an insider position and in which the person with an insider position and/or several closely related parties have a financial participation, controlling participation or total share of votes of ten per cent or more. Significant influence refers to an influence over the operation in its entirety which is so significant that the financial result is essentially dependent on the ability of the person with an insider position to act or take a position. Those who are a member of the board of a legal person or a managing director or the equivalent of such who have a significant influence, as well as those who have a controlling ownership position.
