Recital 1

(1)Pursuant to Article 18 of Regulation (EU) No 596/2014, issuers, emission allowance market participants, auction platforms, auctioneers, auction monitors (‘entities’) and any person acting on their behalf or on their account are required to draw up and promptly update a list of all persons who have access to inside information and who are working for them under a contract of employment, or otherwise performing tasks through which they have access to inside information, including advisers, accountants or credit rating agencies (‘insider list’) in accordance with a precise format. The establishment of a precise format, including the use of standard templates, should facilitate the uniform application of the requirement to draw up and promptly update insider lists. The establishment of such a precise format should also ensure that competent authorities are provided with the information necessary to fulfil the task of protecting the integrity of the financial markets and investigate possible market abuse.