A person holding an insider position must report shareholdings and other financial instruments in the company held by him or her and closely affiliated natural and legal persons. Changes in such holdings must also be reported to Finansinspektionen (FI).
The reporting obligation for financial instruments and transactions includes share loans, redemption shares and trading in redemption rights. However, the reporting obligation does not cover acquisitions through the allotment of redemption rights.
In the case of share issues, some aspects which are currently subject to compulsory reporting will no longer be covered by such a requirement. Allotment of subscription rights and conversion of interim certificates (such as paid subscription shares) into shares are no longer covered by reporting obligations. Trading with subscription rights and interim certificates, however, is still subject to the reporting requirement.
FI requests, however, that you continue to notify us of those aspects of securities issues that are no longer covered by the reporting requirement since this facilitates our practical management of insider trading.
Notification period
Notification must be received by FI not later than five working days after the insider position arose or the buy or sell contract was entered into. In a regulated market, this means five working days from the transaction date. In the case of a new issue, the deadline is calculated from the time that the person with the insider position received notification that the transaction had been executed.
Notification of the transaction is assumed to have been received when the financial instruments are booked in the security account (accounting date). Where the change relates to the holdings of closely affiliated persons, the report must be filed within five working days from the date on which the insider became aware of the change.
