Fund Distribution Alert 2024-11
XETRA Fund Listing: Amendment to the Exchange Rules
XETRA Fund Listing: Amendment to the Exchange Rules
The Exchange Council of the Frankfurt Stock Exchange (Frankfurter Wertpapierbörse or “FWB”, in German) has amended the Exchange Rules to simplify the admission process, reduce costs and align with European standards for the admission of securities to trading in the Regulated Market for both funds and other companies. The new rules are applicable as of 11 July 2024.
With regard to the listing of funds, the co-applicant will no longer be required for the admission of securities to the General Standard, and the issuer alone can submit the application for admission. This applies to all types of securities. It is still possible to represent the issuer by proxy (e.g. group company, service provider, bank, consultant, law firm).
The announcement and Xetra Circular 024/2024 are available in English here.
Feel free to contact us should you require additional information.
Contacts
Said Fihri
Partner
+352 22 51 51 7892
said.fihri@kpmg.lu
Henrik Olsson
Senior Manager
+352 22 51 51 7417
henrik.olsson@kpmg.lu