Request permission to set up a stock exchange Unfortunately this specification of service has not yet been completely translated.

The Securities and Exchange Commission may, upon request, allow you to set up a stock exchange.

The Securities and Exchange Commission may, upon request, allow you to set up a stock exchange. To do this, you must meet different requirements and prove them. Permission to set up an exchange is limited to the state in which you plan to operate the exchange.

The regulations of the Stock Exchange Act (BörsG) must be observed.

  • Proof of the means required to operate the stock exchange in accordance with Section 5 (5) of the Stock Exchange Act;
  • The names of the Managing Director of the stock exchange institution and the information necessary to assess the reliability and professional competence of those persons;
  • A business plan setting out the nature of the planned transactions and the organisational structure and internal control procedures of the stock exchange institution, as well as the rules of the stock exchange;
  • information on the ownership structure of the holder of the stock exchange, in particular on the holders of significant holdings within the meaning of Section 6 (6) of the Stock Exchange Act and their shareholding;
  • Information necessary to assess the reliability of holders of significant holdings.
    Where the holder of a significant holding is a legal person or partnership, the essential facts to assess the reliability of its legal or statutory representative or personally liable partner shall be disclosed.

The Securities and Exchange Commission may request the submission of further documents.

The application for authorisation must be submitted in writing to the Securities and Exchange Commission.

Preconditions

The application for authorisation must be submitted in writing to the Securities and Exchange Commission. The requirements can be found in the Stock Exchange Act (BörsG).

For the audit, the stock exchange regulator may require further information.

Hints

The obligations of the stock exchange carrier are the result of Section 5 of the Stock Exchange Act.

Sections 4 to 6 of the Stock Exchange Act

Related Links

  • Section 4 Stock Exchange Act (BörsG)
  • Section 5 Stock Exchange Act (BörsG)
  • Section 6 Stock Exchange Act (BörsG)
  • They shall submit the necessary documents to the Securities and Exchange Commission.
  • The competent stock exchange supervisory authority is the authority in the country in whose territory the stock exchange is to be located.
  • The Securities and Exchange Commission shall examine whether the conditions for admission to the stock exchange are met. Additional information may be requested where necessary.
  • Permission or rejection of the Securities and Exchange Commission shall be made in writing by post.
  • A licence expires if the stock exchange does not start operating within one year.
  • A permit may subsequently be subject to conditions or revoked by the Securities and Exchange Commission (Section 4 (5) Of the Stock Exchange).

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Last update or date of publication
02.02.2021