Efore applies the Guidelines for Insiders approved by NASDAQ OMX Helsinki Oy, as well as any relevant amendments. Efore's Board of Directors has approved a set of internal guidelines on insider trading on September 27, 2011.
Permanent insiders and insider registers
According to securities market legislation, Efore's permanent insiders comprise the members of the parent company’s Board of Directors, the President and CEO, and the principal auditor of the audit firm. The company’s Management Team members will also be classed as permanent insiders.
In addition to the public register of insiders, Efore also keeps a non-public register of insiders that lists both permanent insiders and project-specific insiders. People listed in the non-public register as permanent insiders are those who regularly receive inside information as part of their business activities. Project-specific insiders are those people who receive inside information in conjunction with a specific project.
Efore's Financial Director is responsible for insider control. He or she ensures that insiders are aware of insider regulations and adhere to trading restrictions. Insiders are not allowed to trade Efore Oyj securities for a period starting 21 days priot the publication of the company’s financial statement bulletin and interim reports and ending the day following the day of the release of such a report . Project-specific insiders are not allowed to trade Efore's securities before the project has been made public or discontinued