<!-- headlesslaw {"release":{"id":"a4f2a0495fe55b47323883f82977a9b34ab66171ec9623e39925d3a7045b6c81","published":"2026-11-01T16:41:30Z","pinned":false},"limits":{"coverage":{"history":"current_only","held_since":"2023-04-19","gaps":[],"covered":["ESMA Q&A 777 — Q&A — Information to be included [Forwarded to EC/Public Consultation/Other] L3"],"not_covered":["national guidance","court decisions"]},"freshness":{"release_id":"a4f2a0495fe55b47323883f82977a9b34ab66171ec9623e39925d3a7045b6c81","release_published":"2026-11-01T16:41:30Z","checked_at":"2026-10-26","checked_against":"the ESMA publication"},"truncation":null,"failures":[],"incomplete":[]},"page":{"path":"/mar/level-3/q-and-a/esma/esma-qa-777-information-to-be-included-into-insider-list-of-the-issuer","url":"https://www.headlesslaw.com/mar/level-3/q-and-a/esma/esma-qa-777-information-to-be-included-into-insider-list-of-the-issuer","title":"ESMA Q&A 777 — Q&A — Information to be included [Forwarded to EC/Public Consultation/Other]","family":"l3","work_id":"spaces/mar/level-3/q-and-a/esma/esma-qa-777-information-to-be-included-into-insider-list-of-the-issuer","status":"forwarded to ec/public consultation/other","force_status":null,"date_state":"current","requested_date":null,"as_of":"2026-11-01","applies_from":null,"application":null,"version_label":"ESMA Q&A register, 19 April 2023","check":{"against":"the ESMA publication","on":"2026-10-26"},"check_result":"matched","official_url":"https://www.esma.europa.eu/publications-data/questions-answers/777","valid_from":"0001-01-01","valid_until":null,"revision":1,"content_id":"7a2f91d8bd59796c","change_date":null,"nearest_versions":["2023-04-19"],"first_text_date":null,"correction_applies":false,"versions":["2023-04-19"],"version_url":"https://www.headlesslaw.com/mar/level-3/q-and-a/esma/esma-qa-777-information-to-be-included-into-insider-list-of-the-issuer/versions/2023-04-19","revision_url":"https://www.headlesslaw.com/mar/level-3/q-and-a/esma/esma-qa-777-information-to-be-included-into-insider-list-of-the-issuer/versions/2023-04-19/rev/7a2f91d8bd59796c","versions_url":"https://www.headlesslaw.com/mar/level-3/q-and-a/esma/esma-qa-777-information-to-be-included-into-insider-list-of-the-issuer/versions","relations_url":"https://www.headlesslaw.com/mar/level-3/q-and-a/esma/esma-qa-777-information-to-be-included-into-insider-list-of-the-issuer/relations","source_line":"Question published in the ESMA Q&A tool · no answer · not legislation [Forwarded to EC/Public Consultation/Other]","attribution":{"prepared_by":"not stated in the document","published_by":"ESMA","published_in":"ESMA Q&A tool","document_type":"qa_question","legal_nature":"not_legislation","addressees":"not stated in the document","dates":{"question_submitted_on":"2023-04-19","locators":{"question_submitted_on":"ESMA Q&A Excel export ESMA_QA_777, column 'Date of submission'"}},"adoption":null}}} -->
---
title: "ESMA Q&A 777 — Q&A — Information to be included [Forwarded to EC/Public Consultation/Other]"
shortTitle: "ESMA Q&A 777 — Q&A — Information to be included [Forwarded to EC/Public Consultation/Other]"
answer_id: ESMA_QA_777
topic: "Insider lists"
status: "Forwarded to EC/Public Consultation/Other"
type: qa
instrument_type: qa
authority: ESMA
binding: false
binding_character: non_binding
legal_status: consultation
regulation: "MAR"
mar_level3: true
mica_level2: false
legal_basis: "Article 18(1) of MAR"
date: 19 April 2023
source_link: https://www.esma.europa.eu/publications-data/questions-answers/777
lifecycle: "Forwarded to EC/Public Consultation/Other"
text_version: "ESMA Q&A register, 19 April 2023"
source_url: "https://www.esma.europa.eu/publications-data/questions-answers/777"
check_status: matched
verified: true
last_checked: 2026-10-26
checked_against: "the ESMA publication"
source:
  prepared_by: "not stated in the document"
  published_by: "ESMA"
  published_in: "ESMA Q&A tool"
  evidence:
    prepared_by: "ESMA_QA_777"
    locator: "ESMA Q&A entry ESMA_QA_777: no answer; no author named"
document_type: "qa_question"
legal_nature: "not_legislation"
addressees: "not stated in the document"
dates:
  question_submitted_on: "2023-04-19"
  locators:
    question_submitted_on: "ESMA Q&A Excel export ESMA_QA_777, column 'Date of submission'"
lifecycle_label: "Forwarded to EC/Public Consultation/Other"
---

**Question published in the ESMA Q&A tool · no answer · not legislation [Forwarded to EC/Public Consultation/Other]**

*Forwarded to EC/Public Consultation/Other · ESMA Q&A register, 19 April 2023 · Checked against the ESMA publication on 26 Oct 2026 · [Official source](https://www.esma.europa.eu/publications-data/questions-answers/777)*

| | |
|---|---|
| **Full title** | ESMA Q&A 777 — Q&A — Information to be included \[Forwarded to EC/Public Consultation/Other\] |
| **Prepared by** | Not stated in the document |
| **Published by** | ESMA, in the ESMA Q&A tool |
| **Reference** | ESMA_QA_777 |
| **Document type** | Q&A |
| **Legal nature** | No answer · not legislation |
| **Addressees** | Not stated in the document |
| **Dates** | Question submitted 19 April 2023 |
| **Legal basis** | Article 18(1) of MAR |
| **Related instruments** | None recorded |
| **Text on this page** | Word for word — the full text of the ESMA publication |

**Information to be included into insider list of the issuer on persons that are subject to independent obligation to manage insider list (e.g. advisors and consultants)**

### Question

As certain persons have an independent obligations to draw up and manage insider list of the issuer (e.g. advisors, consultants, credit agency) under Article 18(1) of MAR, what information should be reflected in the insider list of the issuer: (i) all required information under insider list template for a contact person of such third party, in addition in the field "function and reason for being insider" indicating that this is only a contact person of third party that has independent obligation to draw-up and manage independent insider list, or (ii) with deviation from template of insider list, name and contact details of such company itself, omitting certain fields, such as name, surname, birth surname.

***

**Source:** [ESMA original document](https://www.esma.europa.eu/publications-data/questions-answers/777)

## Related Level 1 articles

- [Article 18 — Insider lists](../../../articles/18.md)