Regulated Unofficial Market

In the Open Market of the FWB® Frankfurter Wertpapierbörse (Frankfurt Stock Exchange), mainly foreign shares, bonds of German and foreign issuers, certificates and warrants are traded in addition to German shares. It was created on May 1, 1987 through the merger of the “Geregelter Freiverkehr” and the “Ungelgelter Freiverkehr”.The Regulated Unofficial Market is not an organized market within the meaning of Section 2 (11) of the German Securities Trading Act (WpHG). The basis for the inclusion of securities in the Regulated Unofficial Market is formed by the Regulated Unofficial Market guidelines of Deutsche Börse AG. There are only a few formal inclusion requirements and no follow-up obligations for the issuer.Essential inclusion criteria:Application for inclusion: It must contain a precise description of the security to be included and information on which domestic or foreign organized market prices for this security are already being determined. In the case of securities that are not traded on an organized market, the applicant must provide more detailed information about the issuer in the form of an exposé that enables an accurate assessment.The application for inclusion of an issuer must be submitted in writing by a company admitted to trading on the Frankfurt Stock Exchange.The applicant must inform Deutsche Börse AG immediately and in writing of any material circumstances relating to the included securities or Issuers.The decision-making body for inclusion is Deutsche Börse AG as the Regulated Unofficial Market OperatorSince October 2005, the Regulated Unofficial Market has also been referred to as the Open Market. Synonym : Open Market