Archive for the ‘Company News’ Category

Several leading Estonian financial sector services and software solutions are now displayed on five touch-screens in the Estonian IT Democenter, located in Ülemiste City technology park, Tallinn.

The exposition, initiated by NASDAQ OMX Tallinn involves eCSD Expert, Estonian CSD, Mindware, Proekspert, CSA Partners and the Centre of Registers and Information System as partners.

Andrus Alber, CEO of NASDAQOMX Tallinn Stock Exchange opening the demo

Additionally the NASDAQ OMX Baltic securities market real-time trading statistics can be seen at the Democenter.

You are welcome to visit the Democenter. In case you would like to schedule a visit, please contact us.

• See more pictures form the opening event

Tele2 is one of Europe’s leading telecom operators, with over 24 million customers in 11 countries. Tele2 offers mobile services, fixed broadband and telephony, data network services, cable TV and content services.

Oriflame is today one of the fastest growing global beauty companies selling direct. The company is present in 61 countries, of which they are the market leader in more than half. Oriflame offers a wide range of high-quality beauty products as well as a unique opportunity to join our sales force and start your own business.

Both of those well-know companies found INSIDeR as a valuable solution for mitigating internal and external compliance risks.

We’d like to thank all the participants and speakers for their contribution to an excellent compliance seminar held at Grand Hotel in Stockholm on 3rd of April 2008.

Compliance seminar where speakers from Finansinspektionen, Mannheimer Swartling and CSA Partners covered regulatory requirements, risks and practical challenges faced by the issuer-community under the Market Abuse rules, was attended by over 50 compliance practitioners, senior representatives and other experts from companies listed in Sweden.

Thorough overview regarding issuers’ obligations as well as practical interpretations given by Finansinspektionen was considered highly valuable in view of practical need to have more legal certainty when dealing with applicable rules.

Insight into key legal issues provided by speakers from Mannheimer Swartling was considered highly practical as well as observations and recommendations on the compliance and risk management shared by CSA Partners.

Discussions and questions witnessed the relevance of topics and pointed out number of areas, where further elaboration of best practice and expectations from the part of Finansinspektionen would be highly appreciated in the future.

Further materials:

• Seminar program and speakers
• Download the seminar presentations
• Photos from the seminar

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As we wrote last week, we have published the detailed information regarding the compliance seminar on 3rd of April in Stockholm, Grand Hotel. The seminar is about the “Compliance Challenges for Listed Companies under the Market Abuse rules – How to Manage Risks and Prevent Insider Trading?“.

There will be high-profile speakers from Swedish Finansinspektionen, Mira Naumanen, Head of Market Surveillance Unit and Kristoffer Rosell, Legal Counsellor, Insider Registry who will give an overview of issuers obligations (timely disclosure, control of inside information, insider lists, transaction reporting), possible sanctions and FI surveillance plan for 2008. We think the update will be especially interesting for company legal counsels and persons responsible for maintaining insider lists.

Others speakers include well-known lawyer Eva Hägg from law firm Mannheimer Swartling and market abuse regulatory expert Mr. Ahto Kink from CSA Partners.

Please look at the detailed agenda and register yourself to the valuable seminar, free of charge for the listed companies. The seminar will be held in Swedish and English language, followed by a workshop where INSIDeR special purpose compliance software will be demonstrated.

CSA Partners is gladly announcing a market abuse compliance seminar on Thursday, 3rd of April 2008 in Stockholm, Sweden.

The Market Abuse legislation (directives, domestic regulation and Level 3 guidelines) represents an important achievement in harmonization of EU securities markets. However, reality check reflects that there are in fact number of practical challenges, uncertainties and risk management issues on which listed companies need further guidance and support. This event aims to remind and update you in key-issues, which are of practical relevance to listed companies in this important compliance area.  

Attendance at this event will be invaluable for both the compliance departments, in-house legal teams and IR officers of listed companies, as it will bring them up to date with the latest developments and best practices in this important regulatory area. We also welcome lawyers, financial advisers  and journalists.

Please book the morning of 3^rd April in your calendar. We will announce the detailed program and speakers next week.  See you in Stockholm!

CSA Partners visited Oslo Stock Exchange, several leading law firms and listed companies to get an understanding of the market abuse situation in Norway.”We learned that the insider regulation in Norway is strict and the local FSA is doing the market monitoring with a really good care,” said Martin Villig, Managing Partner of CSA Partners. He added that the CSA Partners team will definitely visit Oslo again very soon to meet with the local securities market authorities and some other leading law firms to discuss about possible co-operation.

Please feel free to contact us if you would be interested in the INSIDeR products demonstration as well as meeting with the CSA Partners in Norway.

The rules introduced by MiFID impose complex requirements on banks’ and investment firms’ organizational governance and internal compliance management.

CSA Partners is delighted to announce the release of the new INSIDeR Professional Edition, a complete internal compliance procedures and records management solution designed to meet the most challenging requirements on organizational governance of MiFID-firms.

INSIDeR Professional Edition is web-based special-purpose compliance management application designed for the implementation of high quality internal control procedures and workflows by MiFID-firms when, among other things, dealing with the following organizational requirements:

• Administration of the list of relevant persons and persons and corporations with close links to relevant persons
• Applying pre-trade clearance regime and keeping records on permissions with regard to personal account dealings (personal transactions) by relevant persons
• Keeping records on personal transactions
• Controlling and reducing the risks of Market Abuse
• Controlling and reducing the risks of conflict of interest
• Ensuring that relevant persons are aware of their obligations
• All the above available on the basis of self-service-model to multiply the efficiency of compliance procedures management across the organization.

INSIDeR Professional will be available on the basis of software-as-a-service model where CSA Partners provides the hosting, support and management of the solution for MiFID firms. That relieves firms from the burden and cost of maintaining and updating in-house systems and IT infrastructure. INSIDeR Professional Edition is available also per in-house installation model, should internal policies rule out software-as-a-service option.

“The Market in Financial Instruments Directive (MiFID) represents the most extensive reform ever seen by the European financial services industry. Key objectives of the MiFID include an increased level of investor protection and the integrity of markets throughout the European Union. These objectives have warranted the introduction of a range of organizational requirements and procedures for MiFID-firms. INSIDeR Professional is our response to help MiFID-firms’ compliance teams to deal with the most challenging of them, says Martin Villig, Managing Director of CSA Partners.”