Topic Information obligations for issuers Retention and destruction
Article from Issuer Guidelines published by the Federal Financial Supervisory Authority
The insider list must be retained for five years. This period begins again for the dataset concerned each time the list is updated.
Additionally, previous versions of the insider lists must be accessible and retrievable for five years at all times (Article 2(4) of Commission Implementing Regulation (EU) 2016/347).
The data must be destroyed at the end of the retention period. This is clear from section 35 (2) no. 1 of the Federal Data Protection Act (Bundesdatenschutzgesetz – BDSG).
