Securities trading announcement and insider directory regulation

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Basic data
Title: Ordinance on the specification of notification, notification and publication obligations as well as the obligation to keep insider lists according to the Securities Trading Act
Short title: Securities trading announcement and insider directory regulation
Abbreviation: WpAIV
Type: Federal law
Scope: Federal Republic of Germany             
Legal matter: Commercial law
References : 4110-4-9
Issued on: December 13, 2004
( BGBl. I p. 3349 )
Entry into force on: December 18, 2004
Last change by: Art. 1 VO from November 2, 2017
( Federal Law Gazette I, p. 3727 )
Effective date of the
last change:
January 3, 2018
(Art. 2 of November 2, 2017)
Please note the note on the applicable legal version.

The Securities Trading Report and Insider Directory Ordinance (WpAIV) , in the full title Ordinance on the specification of notification, notification and publication obligations as well as the obligation to keep insider lists under the Securities Trading Act , specifies the publication obligations of issuers in securities trading in Germany .

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