A restricted list is a list of issuers whose securities or other financial instruments are subject to restrictions on sales, trading, or research activity. The restricted list reinforces your controls around protecting confidential information. It prevents situations such as the purchase by investment managers of a firm of shares in a company just before the merchant banking arm of that firm launches a takeover bid for that company.
When an issuer appears on the restricted list, certain sales, trading and research activities involving that issuer ’s securities or other financial instruments may be restricted. Issuers should only be added to the restricted list after information is no longer price sensitive. Whilst the information is price sensitive you should consider using a watch list.
Our Restricted List does the hard work for you, giving you a template to manage your own Restricted List. It is set up so that maintenance is as limited and simple as possible.
Contained within your digital download are:
The template restricted list
Instructions on its use
Guidance on what restrictions mean in practice
Worked examples
Best practice for a restricted list
FCA requirements
Restricted List Template
This product is in Microsoft Excel (*.xlsx)