Issuers must also comply with general EU regulations. For issuers in Scale and Basic Board, for example, the disclosure obligations of the Market Abuse Regulations are applicable.
Obliged are issuers
In particular, this needs to be done:
The above mentioned obligations ("In particular, this needs to be done") derive directly from Art. 17, 18 and 19 of the REGULATION (EU) No 596/2014 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 16 April 2014 on market abuse (market abuse regulation, MAR).
In addition to the obligations pursuant to the General Terms and Conditions of Deutsche Börse AG for the Regulated Unofficial Market on Frankfurter Wertpapierbörse (GTC DBAG) described in detail in this IPO Line, issuers must in particular meet the follow-up obligations as set out in EU regulations. However, the German Federal Financial Supervisory Authority (BaFin) is responsible for the interpretation and supervision of these obligations.
Special feature in Scale: In order to promote small and medium-sized enterprises (SMEs), EU regulations facilitate the fulfilment of follow-up obligations in connection with a listing on an SME growth market. The alleviations are implemented in the relevant EU regulations and are applicable only in the context of a listing on an SME Growth Market. Since December 2019, Scale has been registered as an SME Growth Market. Issuers listed on the SME Growth Market Scale will be able to make use of alleviations in fulfilling follow-up obligations.
Rule Enforcement
E-Mail: rule-enforcement@deutsche-boerse.com
Market Status XETR ⓘ
XETR
The market status window is an indication regarding the current technical availability of the trading system. It indicates whether news board messages regarding current technical issues of the trading system have been published or will be published shortly.
Please find further information about incident handling in the Emergency Playbook published on the webpage under Data & Tech > Information Channels > Emergency procedures. Detailed information about incident communication, market re-opening procedures and best practices for order and trade reconciliation can be found in the chapters 4.2, 4.3 and 4.5, respectively. Concrete information for the respective incident will be published during the incident via newsboard message
We strongly recommend not to take any decisions based on the indications in the market status window but to always check the production news board for comprehensive information on an incident.
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