Wertpapiere – Zulassung zum regulierten Markt beantragen

Securities that you wish to place on the stock exchange for trading on the regulated market must have been admitted beforehand.

If you want securities to be traded on a regulated market on a stock exchange, you need approval from the management. Unless the securities are already legally licensed.

• Application for approval
• Certificate of approval from the German Federal Financial Supervisory Authority (BaFin) or the competent authorities of other member states of the European Economic Area (EEA)
• Copy of the global certificate or collective certificate for securities
• Articles of Association or Articles of Association in the currently valid version
• Certified excerpt from the commercial register according to the latest status
• Certificates of approval, if:
  • the formation of the issuer,
  • the conduct of its business activities, or
  • the issue of the securities requires government approval
• Evidence of the legal basis of the securities issue
• Annual accounts and management reports for the last 3 financial years, including auditors' reports

The application for authorisation shall be submitted in writing.

• As a company that wants to issue a security, you must submit the application for admission to the stock exchange together with
  • a credit institution,
  • a financial services institution,
  • an investment institution;
  • the branch of a foreign company in Germany that conducts banking business or provides financial services, or
  • the German branch of a CRR credit institution established in another EEA State.
• The institution must be admitted to trading on a domestic stock exchange and prove liable equity of EUR 730,000.
• As an applicant company, you must submit a prospectus approved by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht) or a notified prospectus. You must publish this on the stock exchange before the introduction of the security.
• Your company must have existed for at least 3 years and you have published financial statements for the 3 financial years preceding the application.
• Depending on their class, transferable securities must have certain minimum amounts relating to:
  • expected market value,
  • Equity
  • Total nominal amount, or
  • Have a number of units.
• The securities must be freely tradable.
• The denominations of securities, in particular the smallest denomination and the number of securities issued in that denomination, must take account of the needs of stock exchange trading and the public.
• Shares to be admitted must be sufficiently diversified.

The issuer of the securities must apply to the stock exchange management for admission to securities together with a credit institution, financial services institution or a company operating in accordance with section 53 (1) sentence 1 or section 53b (1) sentence 1 of the German Banking Act (Kreditwesengesetz) that is admitted to trading on a domestic stock exchange.

After examining the application, the stock exchange management decides on admission. The announcement of admission takes place at the expense of the applicants in the Federal Gazette by the stock exchange management.

The processing time depends on the time and scope of the documents submitted. After complete submission of all required documents, the examination usually takes place within a few days.

none

A pre-litigation procedure in the form of opposition proceedings is not provided for in Lower Saxony.

• Admission of securities to stock exchange trading Grant
• Securities to be traded on the regulated market must be admitted beforehand
• Exception: Securities have already been legally admitted
• Application must be submitted together with the financial institution involved
• the application must be accompanied by, inter alia, a prospectus approved by the German Federal Financial Supervisory Authority (BaFin) or a notified prospectus
• Prospectus must be published in advance at the expense of the applicant company
• Responsible: Stock Exchange Management

Stock Exchange Management