Stock Exchange: Construction / Operation - Permit Unfortunately this specification of service has not yet been completely translated.

If you want to build / operate an exchange, you need a permit.

To set up a stock exchange, you need permission from the Securities and Exchange Commission. The prerequisite is:

  • They provide proof of the financial resources required for the operation of the stock exchange in accordance with § 5 (5) of the Stock Exchange Act.

  • They also give rise to expectations that the legal requirements for the operation of the stock exchange will be met.

  • that the responsible or significantly involved persons are reliable or professionally suitable.
  • Proof of the funds required for stock exchange operation in accordance with § 5 (5) of the Stock Exchange Act,
  • the name(s) of the director(s) of the holder of the stock exchange and information necessary for the assessment of 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 sponsor, as well as the rules of the stock exchange;
  • information on the ownership structure of the bearer of the stock exchange, in particular on the holders of significant shareholdings within the meaning of § 6 (6) of the Stock Exchange Act and their amount of participation, and
  • Information necessary for the assessment of the reliability of holders of significant holdings.
    If the holder of a significant holding is a legal person or a commercial partnership, the facts essential for assessing the reliability of its legal or statutory representative or personally liable partner shall be indicated.

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

Hints

The obligations of the stock exchange holder result from § 5 of the Stock Exchange Act.

§§ 4, 5, 6 Stock Exchange Act (BörsG).

Related Links

  • BörsG

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