on reporting of transactions pursuant to Article 30 of Act No. 108/2007 on securities transactions
This Regulation applies to reporting of transactions pursuant to Article 30 of Act No. 108/2007 on securities transactions
Content of reports of transactions
Reports of transactions to the Financial Supervisory Authority pursuant to Article 30 of Act No. 108/2007 on securities transactions shall include the following information:
1. Information specified in Article 13 and Table 1 of Annex I to Regulation (EC) No 1287/2006 implementing Directive 2004/39/EC of the European Parliament and of the Council as regards record-keeping obligations for investment firms, transaction reporting, market transparency, admission of financial instruments to trading, and defined terms for the purposes of that Directive, cf. Regulation No. 994/2007 regarding its implementation:
2. Identification of the client for whom the securities undertaking is executing a transaction, having the form of a customer ID or account number, i.e. letters and/or digits up to a maximum of 20 characters. The identification shall be unique, in that it shall refer exclusively to the client in question, and shall be used in all reports from the securities undertaking in question to the Financial Supervisory Authority concerning his transactions.
Related financial instruments
The reporting requirement pursuant to Article 30 of Act No. 108 on securities transactions extends to transactions involving financial instruments which are related to the financial instruments which have been admitted to trading in a regulated market, e.g. derivatives.
Entry into force
This Regulation is set by authority of Article 31 of Act, No. 108/2007 on securities transactions, and shall enter into force on 1 April 2008.
The Ministry of Business Affairs, 11 February 2008.
Björgvin G. Sigurðsson.