Glossary entry

English term or phrase:

Restricted Insider

French translation:

initié soumis à prescriptions/restrictions

Added to glossary by Katia Sakoschek
Nov 15, 2015 14:31
8 yrs ago
English term

Restricted Insider

English to French Bus/Financial Finance (general)
Je recherche la traduction exacte du terme anglais "restricted insider" dans le cadre d'un document déontologique d'une société cotée en bourse.
Change log

Nov 23, 2015 14:19: Katia Sakoschek Created KOG entry

Discussion

Germaine Nov 15, 2015:
D'habitude, ces termes sont définis soit dans la loi sur les valeurs mobilières concernée, soit par les politiques de la bourse concernée. Pourriez-vous situer la bourse ou le pays, s.v.p.?

Par ailleurs, il est toujours préférable de mettre l'expression dans une phrase, ne serait-ce que pour mieux juger du sens - ou du parsing, qui réserve souvent des surprises! Par exemple, s'agit-il bien d'un "restricted insider" ou d'un "restricted insider trading" ?

Proposed translations

+1
2 hrs
Selected

initié soumis à prescriptions/restrictions

Les dirigeants qui désirent réaliser des transactions sur les titres de leur société sont soumis à de nombreuses prescriptions liées à la prévention des manquements d'initiés.

"Restrictions visant les transactions d'initiés" - https://www.mts.ca/file_source/mts.ca/Static_Files/Raw_PDF/I...
Peer comment(s):

agree Daryo : initié soumis à restrictions
4 hrs
Merci
Something went wrong...
4 KudoZ points awarded for this answer.
-2
12 mins

un initié (de la société) aux opérations (boursières) restreintes

my take

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Note added at 17 mins (2015-11-15 14:49:16 GMT)
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According to the link, it is insider's shares that are under trading restrictions:

http://www.investopedia.com/terms/r/restrictedstock.asp



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Note added at 8 hrs (2015-11-15 23:02:11 GMT)
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The Link above identifies insiders to a corporation (directors and executives). Those insiders' shares are restricted because they are not allowed to be traded like normal stocks. In other terms, insiders do not have the latitude to trade their stocks at will (opérations boursières) restreintes)


Unregistered shares of ownership in a corporation that are issued to corporate affiliates such as executives and directors. Restricted stock is nontransferable and must be traded in compliance with special SEC regulations




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Note added at 23 hrs (2015-11-16 13:35:57 GMT)
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Response to Asker: In a nutshell, a restricted insider is an insider with restrictive trading on the stock market (opérations boursières restreintes). Daryo's posting does confirm this
Note from asker:
Dans ce cas-ci il s'agit du contraire, d'une personne à laquelle une restriction a été appliquée.
Peer comment(s):

disagree Germaine : "un initié aux opérations restreintes" n'est pas un initié dont les opérations sont restreintes.
1 hr
disagree Daryo : it's related but not the same - the term to translate is about persons, not shares
6 hrs
Something went wrong...

Reference comments

6 hrs
Reference:

INSIDER TRADING COMPLIANCE POLICY

MISTRAS GROUP, INC.
INSIDER TRADING COMPLIANCE POLICY

Blackout Periods

It is also a violation of Company policy to purchase or sell Company Securities in the following circumstances:

1. Quarterly and Annual Results. “Restricted Insiders” are not permitted to trade in Company Securities during the period beginning the 21st day of the last month of the Company’s fiscal quarter (such as May 21 for the Company’s 4th fiscal quarter) and ending at the beginning of the third business day after the release of the Company’s quarterly or annual results to the public. Thus, if the Company’s results are released on a Monday after the close of the market, Thursday would generally be the first day on which Restricted Insiders could trade. If the Company’s results are released on a Friday before the opening of the market, Tuesday would generally be the first day on which Restricted Insiders could trade. For purposes of this Paragraph, “Restricted Insiders” means (a) members of the Board of Directors of the Company, (b) all officers, divisional vice presidents, regional or general managers, and directors (c) all employees in finance, communications or other areas involved in the preparation of the Company’s (i) results for the fiscal period, (ii) the earnings release the Company issues to the public, or (iii) reports filed with the Securities and Exchange Commission reporting such results, and (d) Related Parties of any of the foregoing.

http://files.shareholder.com/downloads/ABEA-460UAB/0x0x34905...
Peer comments on this reference comment:

neutral Francois Boye : So insiders' transactions on the stock market are restricted! Didn't I say the same thing? When will Daryo's subjectivity submit to facts?
2 hrs
persons and shares are not exactly the same thing
Something went wrong...
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