The Directors’ Dealing Assistant built on BRYTER helps directors and risk departments of issuers of financial instruments to determine and document envisaged stock purchases (directors’ dealings) in a fast, transparent and compliant way. The assistant will provide guidance on how to proceed in order to behave in a compliant way. This includes the required notification of a requested or admitted trade of financial instruments which has to be submitted to the competent financial supervisory authority and the issuer itself. It enables both the director and the risk department of the issuer to assess potential breaches against the EU Market Abuse Regulation and to generate automated documentation which can directly be sent to designated recipients. All incidents are documented in an audit trail and its modular logic can easily be adapted to accommodate changing requirements in no time.

Background

Under Regulation (EU) No 596/2014 (EU Market Abuse Regulation), directors or persons entrusted with management duties within an issuer of financial instruments must report to their competent financial supervisory authority the details of their own-account transactions for purposes of transparency. In addition, they are generally prohibited to conduct transactions in connection with the issuer’s shares or debt instruments or related financial instruments during a closed period of 30 calendar days prior to the announcement of an interim or annual report. With BRYTER, you can build a tool which uses predefined criteria to determine whether such an anticipated trade is prohibited or whether a notification is required, and which steps must be taken. The user will be guided through a questionnaire. Depending on the outcome and the information provided, advice on the process of reporting to the designated recipients (i.e. any competent financial supervisory authority and/or the issuer of the financial instruments) is given. The modular logic of the tool allows the questionnaire to be adapted to the user’s inputs in a scenario-based manner in order to cover a large number of cases.

Benefits

Automated & Standardized

A Directors’ Dealings Assistant allows businesses to assess and determine directors’ dealings and to implement necessary next steps automatically. This ensures a consistent approach and documentation.

Faster Execution

If a director’s dealing has been identified, is important to act quickly. The Directors’ Dealings Assistant allows businesses to quickly and efficiently deal with all the necessary steps involved in handling a director’s duty and thereby to easily process all relevant reporting obligations.

Centralized audit trail

Within the Directors’ Dealings Assistant, all relevant steps, actions and assessments are tracked and documented in a centralized audit trail. This allows businesses to prove and document compliant behavior.

Integrated

The Directors’ Dealings Assistant can easily be integrated into the company’s existing IT infrastructure.

Highly customizable

Every application built on BRYTER is customizable. The Directors’ Dealings Assistant may reflect your company’s unique policies, processes and risk treatments. The unique BRYTER platform gives unparalleled opportunities for customization.

How it works

1

Collect data

Through a customizable and user-friendly interactive questionnaire, all relevant data is collected and processed. This enables businesses to assess in which cases reporting obligations are required and whether a transaction might be prohibited.

Determine actions

An initial assessment helps to quickly identify the necessary reporting obligations and actions. The risk assessment will be intertwined with other processes (email, approvals, etc.) and document generation to streamline incident responses.

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3

Get summaries and overviews

A dashboard allows businesses to track all dealings within the company and to document all incidents. This helps issuers to identify common patterns and provides directors with an overview of their past and present dealings.