Sanctions committee

The Sanctions Committee punishes violations of stock exchange law.

The Sanction Committee is a body of the stock exchange. Its task is to punish violations by trading participants or issuers of stock exchange regulations that are intended to ensure the orderly execution of trading on the stock exchange or the settlement of stock exchange transactions.

If trading participants deliberately or negligently violate the provisions of stock exchange law, the Sanction Committee may

• with a reprimand,
• with an administrative fine of up to 250,000 euros or
• with exclusion from the stock exchange for up to 30 trading days.

If issuers deliberately or negligently violate their obligations under the admission, they may be sued by the Sanction Committee.

• with a reference or
• a fine of up to 250,000 euros.

The Sanction Committee of the Frankfurt Stock Exchange consists of a chairman and two assessors elected by the Exchange Council from among the trading participants or issuers. In making its decisions, it is not subject to any instructions from the Exchange management or the sponsoring company of the Exchange; it is subject solely to the supervision of the Exchange Supervisory Authority.

© May 2019 - Deutsche Börse AG