The Market Abuse Regulation is due to come into effect in Sweden on 3 July 2016. It requires that companies keep a logbook and insider list and that insiders have a duty to report transactions to the insider register.

In a statement, Euroclear Sweden said it will offer technical support to companies for the administration of the logbook and insiders’ list. It will also offer technical assistance in reporting to the Swedish FSA’s insider register in accordance with the new requirements, as well as a technical solution for managing logbooks and insider lists, as of June 2016.

The Market Abuse Regulation is the amended Reporting Obligations for Certain Holdings of Financial Instruments Act, bringing detailed rules in the EC’s delegated acts into effect. The new regulations seek to extend the insider-reporting framework.

According to Euroclear Sweden, companies can expect:

• exemption from reporting transactions will be temporary terminated;
• issuers should generate and maintain a list of people discharging managerial responsibilities and closely related persons;
• the logbook should contain more fields and be divided into “permanent” and “event-based” sections;
• companies traded on a trading platform or multilateral trading facility (MTF) are subject to the new rules.