19 February 2018
visit www.ebaday.com

Euronext seizes majority conrol of InsiderLog

18 January 2018  |  5640 views  |  0 buy and sell button

Spotting an opportunity for profit from new Market Abuse Regulations (MAR), Euronext has spent €5.8 million to acquire 80% of the assets of InsiderLog, a Stockholm-based supplier of insider list management.

MAR requires every listed company, their advisors and listed bond issuers to create and manage insider lists for all market sensitive projects. Failure to comply can result in fines of up to €2.5 million or 2% of turnover.

InsiderLog supports compliance officers with this responsibility, from the creation of insider lists, to the management and reporting of workflows to regulators, and the administration of Persons Discharging Managerial Responsibilities (PDMR).

The firm operates a subscription model, which has already attracted more than 170 clients since its creation in November 2016. InsiderLog was initially designed and developed by the legal team of Serendipity Professionals.

John Engholm, managing director of InsiderLog, says: “Together with Euronext we will develop a true pan-European business. Having become the leading player for insider lists management in the Nordics, Euronext’s support will enable us to broaden and accelerate our development across Europe.”

The founding team of InsiderLog will remain in place, continuing to grow the business while benefiting from Euronext’s reach and expertise with listed companies.

The acquisition, which includes a performance-related earn-out, fits within Euronext’s Agility for Growth strategic plan, announced in May 2016, with the objective of creating a complete corporate service franchise for issuers.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Euronext acquires stake in LCH France

Euronext acquires stake in LCH France

08 August 2017  |  4364 views  |  0 comments | 1 tweets | 5 linkedin
Euronext moves into $5.1 trillion daily FX market with acquisition of FastMatch

Euronext moves into $5.1 trillion daily FX market with acquisition of FastMatch

23 May 2017  |  6122 views  |  0 comments | 9 linkedin
Euronext furthers fixed income ambitions with $10 million stake in Algomi

Euronext furthers fixed income ambitions with $10 million stake in Algomi

03 March 2017  |  5958 views  |  0 comments | 3 tweets | 5 linkedin
Euronext eyes M&A opportunities as it bids to compete with London and Frankfurt

Euronext eyes M&A opportunities as it bids to compete with London and Frankfurt

13 May 2016  |  4714 views  |  0 comments | 3 tweets | 2 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit http://info.nice.comVisit https://www.capgemini.comvisit www.nextgenbanking.co.uk

Top topics

Most viewed Most shared
Saudi central bank provides sandbox for banks to try out Ripple techSaudi central bank provides sandbox for ba...
11511 views comments | 16 tweets | 12 linkedin
ABN Amro moves escrow accounts to the blockchainABN Amro moves escrow accounts to the bloc...
9069 views comments | 15 tweets | 13 linkedin
ECB launches staunch defence of cashECB launches staunch defence of cash
8928 views 10 comments | 22 tweets | 26 linkedin
Aussie real-time payments platform goes liveAussie real-time payments platform goes li...
8818 views comments | 15 tweets | 43 linkedin
Coinbase and Visa at loggerheads over erroneous charges on customer crypto accountsCoinbase and Visa at loggerheads over erro...
7461 views comments | 12 tweets | 10 linkedin

Featured job

Competitive base + commission (double OTE)
London, UK

Find your next job