Stock Exchanges

Exchange Rules for the Frankfurt Stock Exchange 2881 KB

Content

• I. Part: Organization
  • § 1 Areas of Business
  • § 2 Administrating and Operating Institution of the Exchange
  • § 3 Exchange Supervisory Authority
• II. Part: Exchange Council
  • § 4 Responsibilities of the Exchange Council
  • § 5 Composition of the Exchange Council
  • § 6 Term of Office of the Exchange Council
  • § 7 Chairperson of the Exchange Council; Deputy Chairpersons
  • § 8 Quorum and Resolutions of the Exchange Council
• III. Part: Board of Management
  • § 9 Exchange Management
  • § 10 Responsibilities of the Board of Management
  • § 11 Authority of the Board of Management
• IV. Part: Trading Surveillance Office
  • § 12 Establishment and Operation
  • § 13 Security Provided by the Trading Participants
• V. Part: Admission for Access to the Exchange and to Participation in Exchange Trading
  • § 14 Application for Admission
  • § 15 Admission with the Right to Participate in Exchange Trading
  • § 16 Conditions Governing Admission
  • § 16 a Technical Requirements for Admission
  • § 17 Admission of Exchange Traders
  • § 18 Participation in Electronic Trading
  • § 19 Evidence of the Conditions for Admission
  • § 20 Admission without the Right to Participate in Exchange Trading
  • § 21 Exchange Identification Cards; Visitor Identification Cards
  • § 22 Cancellation, Withdrawal, Revocation and Suspension of the Admission
  • § 23 Admission as Designated Sponsor in the Electronic Trading System
  • § 23 a Resignation, Cancellation, Withdrawal, Revocation and Suspension of Designated Sponsor Admission
  • § 23 b Rights and Obligations of Designated Sponsors
  • § 23 c Monitoring and Documentation
• VI. Part: Commencement, Suspension, Discontinuation and Interruption of Quotation in the Official Market and in the Regulated Market
  • § 24 Introduction of Securities to Quotation in the Official Market and in the Regulated Market
  • § 25 Suspension, Discontinuation and Interruption of Quotation in the Official Market and in the Regulated Market
• VII. Part: Determination of Exchange Prices by Exchange Brokers, Admission for Exchange Brokers, Distribution of Order books
  • 1. Subpart: General Provisions concerning the Determination of Exchange Prices
    • § 26 Opening and Closing of the Exchange
    • § 27 Determination of Exchange Prices; Prices in Euro
    • § 28 Determination of the Opening and Single Prices
    • § 29 Consideration of Transactions in the Determination of Exchange Prices
    • § 30 Central Order Book
    • § 30 a Price Determination and Execution of Orders in the Central Order Book Procedure
    • § 31 Determination of Prices in Special Cases
    • § 32 Procedure for Determination of Prices
    • § 33 Addenda and Symbols in Connection with Price Determination
    • § 34 Determination of Prices in Continuous Trading
    • § 35 Announcement of Underlying Turnover
    • § 36 Proprietary Transactions of Exchange Brokers
    • § 37 Entry into the Exchange EDP System
    • § 38 Measures in the Case of Doubt Concerning the Proper Determination of Exchange Prices and Concerning Large Price Fluctuations
    • § 39 Publication of Prices
  • 2. Subpart: Admission for Exchange Brokers, Committee of Exchange Brokers
    • § 39 a Admission for Exchange Brokers
    • § 39 b Committee of Exchange Brokers
  • 3. Subpart: Allocation of Order Books
    • § 39 c Scope of Applicability, Share Order Books of the official and regulated market
    • § 39 d Principles for the Allocation of Order Books
    • § 39 e Participants of the Allocation Procedure
    • § 39 f Application for Participation in the Distribution Process
    • § 39 g Notification
    • § 39 h Allocation Process
    • § 39 i Division of the Participants into Existing and New Exchange Brokers
    • § 39 j Formation of Order Books Groups
    • § 39 k Allocation of Assignment Points
    • § 39 l Consolidation of Enterprises acting as Exchange Brokers
    • § 39 m Provisional Order Book Allocation Plan for the Allocation of Order Books as of 1 July 2005
    • § 39 n Provisional Order Book Allocation Plan for the Allocation of Order Books after 1 July 2005
    • § 39 o Hearing Procedure
    • § 39 p Final Order Book Allocation Plan
    • § 39 q Decision about the Allocation of the Order Book
    • § 39 r Reallocation of Order Books within the determinable Allocation Timeframe of Order Books that have been already allocated
    • § 39 s Cancellation of Order Books
    • § 40 Scope of application, other order book groups of the official and regulated market
    • § 40 a Principles for the Allocation of Order Books
    • § 40 b Participants of the allocation procedure
    • § 40 c Application for participation at allocation procedures
    • § 40 d Notification
    • § 40 e Allocation procedure
    • § 40 f Division of applicants into groups of Existing and New Exchange Brokers
    • § 40 g Provisional order book allocation plan
    • § 40 h Hearing procedure
    • § 40 i Final Order Book Allocation Plan
    • § 40 j Decision on the allocation of order books
    • § 40 k Reallocation of Order Books within the determinable Allocation Timeframe of Order Books that have already been allocated
    • § 40 l Cancellation of Order Book
• VIII. Part: Securities Transactions in the Electronic Trading System
  • 1. Subpart: General Provisions
    • § 41 Electronic Trading System
    • § 41 a Exchange Hours, Trading Phases
    • § 42 Suspension, Discontinuation and Interruption of Trading
    • § 43 Documentation and Publication of Prices, Evaluation of Data
    • § 44 Determination and Monitoring of Prices, Reference Price
  • 2. Subpart: Auction, Continuous Trading, Continuous Auction and Block Trading
    • § 44 a Auction and Continuous Trading
    • § 44 b Continuous Auction
    • § 44 c Block Trading
    • § 45 Determination of the First Exchange Price
  • 3. Subpart: Best Execution
    • § 46 Admission as Best Executor
    • § 46 a Conduct of Best Execution
    • § 46 b Obligations of Best Executors
    • § 46 c Resignation, Cancellation, Withdrawal, Revocation and Suspension of Best Executor Admission
• IX. Part: Reporting and Publication of Turnover
  • § 47
• X. Part: Use of the EDP Facilities
  • § 48
• XI. Part: Exchange Arbitration Tribunal and Expert Committee
  • § 49 Arbitration Tribunal of General Jurisdiction
  • § 49 a Expert Committee
• XII. Part: Board of Admissions
  • § 50 Responsibilities of the Board of Admissions
  • § 51 Composition of the Board of Admissions
  • § 52 Election; Term of Office of the Members of the Board of Admissions
  • § 53 Rules of Procedure
  • § 54 Exclusion of Members from Discussion and Decisionmaking
  • § 55 Procedure for Decisionmaking
• XIII. Part: Official Market (General Standard)
  • § 56 Application for Admission
  • § 57 Revocation of Admission Ex Officio
  • § 58 Revocation of Admission upon Application by the Issuer
  • § 59 (deleted)
• XIV. Part: Sub-Sector of the Official Market with Additional Obligations Arising from Admission (Prime Standard)
  • § 60 Application for Admission; Competence
  • § 61 Publication of the Admission
  • § 62 Financial Statements
  • § 63 Quarterly Reports
  • § 64 Corporate Action Timetable
  • § 65 Meeting of Analysts
  • § 66 Publication and Notification of Facts Influencing Market Prices in English
  • § 67 Revocation of Admission
• XV. Part: Regulated Market (General Standard)
  • § 68 Application for Admission
  • § 69 Conditions for Admission; Admission Procedure
  • § 70 (deleted)
  • § 71 Obligations Arising from Admission
  • § 72 Exemption from the Obligation to Publish a Prospectus
  • § 73 Revocation of Admission
  • § 74 (deleted)
• XVI. Part: Sub-Sector of the Regulated Market with Additional Obligations Arising from Admission (Prime Standard)
  • § 75 Application for Admission; Competence
  • § 76 Publication of the Admission
  • § 77 Financial Statements
  • § 78 Quarterly Reports
  • § 79 Corporate Action Timetable
  • § 80 Meeting of Analysts
  • § 81 Publication and Notification of Facts Influencing Market Prices in English
  • § 82 Revocation of Admission
• XVII. Part: Inclusion of Securities in the Regulated Market (General Quoted)
  • § 83 Inclusion; Competence
  • § 84 Prerequisites for Inclusion
  • § 85 Publication of Inclusion
  • § 86 Obligations of the Applicant after Inclusion
  • § 87 Notification of the Parties Involved in Exchange Trading
  • § 88 Revocation of Inclusion
• XVIII. Part: Regulated Unofficial Market (General Quoted)
  • § 89 Regulated Unofficial Market
  • § 90 (deleted)
• XIX. Part: Final Provisions
  • § 91 Loaned Persons
  • § 92 Entering into Transactions
  • § 93 (deleted)
  • § 94 Making of Announcements
  • § 95 Transitional Provisions
  • § 96 Effective Date of the Exchange Rules