Directors’ Interests Monitoring Service (DIMS)
We help Company Secretaries to comply with the Companies Act 1985 and the Market Abuse Directive’s 2005 Disclosure Rules.
The Rules include a new requirement whereby persons discharging managerial responsibility and their Connected Persons (see below) are required to disclose details of their personal deals in the shares of the company. Listed companies need to prepare and maintain lists of those persons who have regular access to “inside information” relating to the company.
We automatically notify you of the transaction movements that have taken place via an email alert. A Movement Report will then be available in your inbox via our online service Corporate Portal.
Benefits include:
- Assists clients with the reconciliation of shareholdings and reporting to the relevant authorities.
- Useful back-up in the event an individual fails to report dealings.
- Minimises the risk of non-compliance.
- Provides for a single, convenient and secure location for Movement Reports
- Ad-hoc reporting is useful for company secretaries’ year-end reporting tasks.
- PDF reports are in an easy-to-read format,
easily printable and can be downloaded
and saved to the desktop.