Why Insider Compliance Matters More Than Ever
The QFMA 2025 Governance Code for Listed Companies introduces one of the most important changes in corporate governance in Qatar: a broader definition of “Insider” and stricter obligations around insider trading compliance.
Under the new Code, “Insiders” now include not only board members and senior executives but also:
- Members of board committees, even if they are not directors.
- Spouses and minor children of all insiders.
Companies are now required to:
- Maintain and update insider lists in real time.
- Pre-clear and monitor insider trades.
- Enforce blackout periods during sensitive reporting windows.
- Report insider transactions promptly to QFMA, the stock exchange, and the depository.
- Publicly disclose insider trades in line with QFMA’s procedures.
For listed companies, this creates a new layer of complexity. Insider compliance must be tracked continuously, across a wider group of individuals, with stricter disclosure expectations. Manual approaches—spreadsheets and emails—are no longer sufficient or reliable.
Introducing LAMAH’s InsiderLine
To meet this challenge, LAMAH has developed InsiderLine, a simple, secure, and compliant insider tracking solution that helps listed companies manage insider obligations under the 2025 Code.
Core Features
- Comprehensive Insider Registry: Capture directors, executives, committee members, and their immediate family in a single secure database.
- Trade Pre-Clearance Workflow: Insiders submit intended trades, routed automatically to the compliance team or company secretary for approval.
- Automatic Insider List Updates: Changes logged with date and time stamps, ready for regulatory inspection.
- Blackout Period Alerts: Built-in calendar reminders to prevent breaches around reporting periods.
- Regulatory Reporting: Exportable reports in QFMA notification format, reducing administrative burden.
- Audit Trail: Full history of approvals, denials, and disclosures to demonstrate compliance.
Benefits for Listed Companies
InsiderLine helps boards and compliance teams achieve more than just compliance:
- Regulatory assurance: Meet QFMA’s new requirements with confidence.
- Risk reduction: Minimize the chance of inadvertent insider breaches or late disclosures.
- Efficiency: Replace manual tracking with a streamlined, automated process.
- Transparency: Build trust with shareholders through timely and accurate disclosures.
- Board confidence: Enable directors and committee members to focus on governance, not administrative detail.
Flexible Deployment and Pricing
InsiderLine is available as a subscription-based solution, designed for scalability across different company sizes.
- Annual subscription per company, scaled to board and committee size.
- Add-ons: Integration with HR systems, advanced analytics, or external audit reporting support.
- Support: Full onboarding, user training in Arabic and English, and ongoing technical assistance.
Why LAMAH
As governance advisors deeply embedded in Qatar’s listed company ecosystem, LAMAH combines regulatory expertise with technology-driven solutions. We understand the operational realities of compliance teams, and we build tools that are practical, user-friendly, and aligned with QFMA’s expectations.
With InsiderLine, we go beyond providing advice—we give boards and compliance teams the tools they need to act effectively, reduce risks, and strengthen market confidence.
Take the Next Step
The new insider obligations are already in effect, and the compliance deadline is fast approaching. Don’t wait for the first reporting cycle to highlight gaps.
Contact LAMAH today to request a demo of InsiderLine and see how we can help your company stay ahead of QFMA’s insider compliance requirements.
