How long are the FCA giving for us to produce our Insider Lists?
If the FCA initiate an investigation into the trades which occurred prior to an announcement of price sensitive information, they will request that the Issuer provide the full Insider List at a given date.
Remember that this Insider List should include all the Issuer’s insiders plus all the insiders at third party advisors (printers, accountants, lawyers, investment bankers etc.)
In discussions with the FCA, they have made it clear that the List will be required within two days of the request. Such a tight timescale should not be a real surprise but it does draw attention to the need to have your third parties completely up to speed and able to provide you with their data in acceptable form within 24 hours to allow you time to check it and submit.