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Exchange Rules for the Frankfurter Wertpapierbörse (FWB) Table Of FWB01e Exchange Rules for the As of 01.07.2019 Frankfurter Wertpapierbörse (FWB) Page 1 Exchange Rules for the Frankfurter Wertpapierbörse (FWB) Table of Contents § 1 Definitions ................................................................................................................ 6 Section I Areas of Business ............................................................................................... 11 § 2 Business, Registered Office .................................................................................. 11 § 3 Operating Institutions of FWB ................................................................................ 11 Section II Exchange Bodies and their Tasks ..................................................................... 11 Sub-section 1 Exchange Council ................................................................................................ 11 § 4 Responsibilities of the Exchange Council .............................................................. 11 § 5 Chair of the Exchange Council; Deputy Chair ....................................................... 12 § 6 Quorum and Passing of Resolutions in the Exchange Council ............................. 12 Sub-section 2 Management Board ............................................................................................. 13 § 7 Exchange Management ......................................................................................... 13 § 8 Duties and Competences of the Management Board ........................................... 13 § 9 Authority of the Management Board ...................................................................... 14 Sub-section 3 Trading Surveillance Office ................................................................................ 15 § 10 Establishment and Operation ................................................................................ 15 Sub-section 4 Disciplinary Committee ....................................................................................... 15 § 11 Disciplinary Committee .......................................................................................... 15 Section III Visit to the Trading Halls and Exchange Trading ............................................. 15 Sub-section 1 Admission to a Visit of the Trading Halls and to Participation in Exchange Trading .................................................................................................................. 15 § 12 Application for Admission ...................................................................................... 15 § 13 Admission with the Right to Participate in Exchange trading ................................ 16 § 14 Admission Prerequisites ........................................................................................ 16 § 15 Access to Exchange EDP and to the Trading Halls .............................................. 18 § 16 Evidence of Admission Prerequisites .................................................................... 18 § 17 Admission to Exchange Visit without the Right to Participate in Exchange Trading .................................................................................................. 19 § 18 Suspension of Company Admission and of Admission to Exchange trading; Deletion of Orders..................................................................................... 19 Sub-section 2 Collateral .............................................................................................................. 20 § 19 Provision of Margin ................................................................................................ 20 § 20 Total Risk ............................................................................................................... 20 § 21 Capital .................................................................................................................... 20 § 22 Margin .................................................................................................................... 21 § 23 Bank Guarantees ................................................................................................... 21 FWB01e Exchange Rules for the As of 01.07.2019 Frankfurter Wertpapierbörse (FWB) Page 2 § 24 Cash....................................................................................................................... 21 § 25 Securities ............................................................................................................... 22 § 26 Obligation to Notify on the Part of Admitted Companies ....................................... 22 § 27 Surveillance of the Collateralization ...................................................................... 22 § 28 Liquidation of Margin ............................................................................................. 22 § 29 Default.................................................................................................................... 22 § 30 Actions of the Management Board ........................................................................ 22 § 31 Technical Problems ............................................................................................... 23 Sub-section 3 Exchange EDP ..................................................................................................... 23 § 32 Technical Access to Exchange EDP ..................................................................... 23 § 33 Connection to the Exchange EDP; Participant Trading System ........................... 23 § 34 Locations ............................................................................................................... 24 § 35 Backend Entry Devices, Access and Interfaces .................................................... 25 § 36 Participant Software ............................................................................................... 26 § 37 Order-Routing System ........................................................................................... 26 § 38 Direct Electronic Access ........................................................................................ 27 § 39 Automated Order-Entry System ............................................................................ 28 § 40 Conformance Tests and Verification of Implemented Trading Algorithms .............................................................................................................. 29 § 41 Personnel ............................................................................................................... 29 § 42 Obligation to Consider System Capacities ............................................................ 30 § 43 Prohibition of Misuse ............................................................................................. 30 § 44 Technical Problems ............................................................................................... 30 Section IV Admission of Securities ...................................................................................... 32 Sub-section 1 Admission to the Regulated Market (General Standard) ................................. 32 § 45 Application for Admission, Responsibility, Publication of the Admission .............................................................................................................. 32 § 46 Revocation of Admission upon Application by the Issuer ...................................... 32 § 47 Revocation of Admission Ex Officio ....................................................................... 34 Sub-section 2 Admission to the Sub-Segment of the Regulated Market with Additional Obligations arising from Admission (Prime Standard) ................................... 34 § 48 Application for Admission; Responsibility .............................................................. 34 § 49 Publication of the Admission ................................................................................. 35 § 50 Emergence and Deletion of Additional Obligations of Financial Reports and Quarterly Statements in Prime Standard .......................................... 35 § 51 Annual Financial Report ........................................................................................ 35 § 52 Half-yearly Financial Report .................................................................................. 36 § 53 Quarterly Statement ............................................................................................... 36 § 54 Financial Calendar ................................................................................................. 37 § 55 Analysts Meeting ................................................................................................... 38 § 56 Publication and Notification of Inside Information in English ................................. 38 § 57 Revocation of Admission to the Sub-Segment of the Regulated Market with Additional Obligations arising from Admission (Prime Standard) ............................................................................................................... 38 FWB01e Exchange Rules for the As of 01.07.2019 Frankfurter Wertpapierbörse (FWB) Page 3 Section V Introduction, Suspension, Cessation and Interruption of Trading on the Regulated Market ................................................................................................. 39 § 58 Introduction of Securities to Trading on the Regulated Market ............................. 39 § 59 Suspension and Cessation of Trading
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