Organisation of the FWB

Sanctions Committee

Imposition of sanctions for violations of exchange regulations

The Sanctions Committee is a body of the exchange. Its task is to impose sanctions for the violation of exchange regulations by trading members or issuers of exchange regulations that aim to ensure the orderly conduct of trading activities at the exchange or the settlement of exchange trading.

Should a trading member violate exchange regulations intentionally or through negligence, the Sanctions Committee can issue ...

  • a reprimand,
  • impose a fine of up to EUR 1,000,000 or
  • exclude the member from the exchange for up to 30 trading days.

Should an issuer violate the duties associated with admission, the Sanction Committee can issue

  • a reprimand or
  • impose a fine of up to EUR 1,000,000.

The Sanctions Committee of Frankfurter Wertpapierbörse (FWB®, the Frankfurt Stock Exchange)
comprises a Chairman and two assessors, whom the Exchange Council selects from among the trading members and issuers. In its decisions it is not subject to instructions from the Management Board of the exchange or the operating company of the exchange; it is subject solely to supervision by the Exchange Supervisory Authority.

Market Status XETR

XETR

The market status window is an indication regarding the current technical availability of the trading system. It indicates whether news board messages regarding current technical issues of the trading system have been published or will be published shortly.

Please find further information about incident handling in the Emergency Playbook published on the webpage under Data & Tech > Information Channels > Emergency procedures. Detailed information about incident communication, market re-opening procedures and best practices for order and trade reconciliation can be found in the chapters 4.2, 4.3 and 4.5, respectively. Concrete information for the respective incident will be published during the incident via newsboard message

We strongly recommend not to take any decisions based on the indications in the market status window but to always check the production news board for comprehensive information on an incident.

Emergency procedures

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