Amendments in the Regulations Concerning Insiders

Amendments effective as of 1 July 2005 have been introduced in the Finnish Securities Markets Act, Act on Financial Supervision, and certain other acts (HE 137/2004). A transition period is set for certain regulations. The amendments in legislation are due to the bringing into force nationally of the Market Abuse Directive (2003/6/EC1), and the so-called secondlevel directives the Commission gave pursuant to this. Along with the amendment, the regulations concerning the management and use of inside information have also changed. The Financial Supervision Authority has issued a new standard on insider declarations and registers. The Stock Exchange will probably revise its instructions during this autumn.