| Entry Standard Transparency Standards |
Entry Standard affords small and medium-sized companies easier access to the capital market. It offers an alternative to a listing in the transparency standards General Standard and Prime Standard, which are subject to EU regulation.  Topics Entry Standard is based on the rules of the Open Market (Regulated Unofficial Market), but it features additional requirements. For investors this means increased transparency and more information: the companies contained in Entry Standard have to publish on their website an audited annual report and management report within six months after the end of the reporting period, as well as an interim report. Moreover, they are required to immediately publish any news or circumstances significant to the valuation of the share/company. Shares in Entry Standard are insider securities and are thus monitored by the German Federal Financial Supervisory Authority (BaFin) with regard to the rules on insider trading and market abuse. Price determination is monitored by the Market Supervisory Authority (HÜSt). Investors active in Entry Standard must be aware that its transparency requirments are far less strict than those in General or Prime Standard. In comparison, investors are provided with less information, at an increased risk. |
