When managers buy or sell shares in their own company, this can give an indication of how a business is doing. Management transactions must therefore be disclosed and published.
The duty to disclose management transactions increases transparency in the stock market. By publishing reportable transactions, we are providing an important source of information for market participants.
Members of management committees and members of the Board of Directors of SIX-listed companies are required to inform their companies if they engage in trading in equity, conversion or purchase rights in their own company. The deadline for notifying the company is two trading days after the transaction has been concluded.
The company must, in turn, publish the information it receives from executive managers and members of the board of directors within three trading days. It does this via our reporting platform for issuers.