Since issuers on an SME growth market are exempted however from drawing up and keeping insider lists up to date and, therefore, may produce and keep that information on a format other than an electronic format as required by this Regulation to the rest of issuers, it is necessary not to impose on issuers on an SME growth market the requirement of using an electronic format for submitting the insiders lists to competent authorities.
Les formats électroniques devraient permettre la préservation de la confidentialité des informations contenues sur la liste d'initiés et le respect des règles imposées par la législation de l'Union en ce qui concerne le traitement des données à caractère personnel et leur transfert.