General Standard

E549686

General Standard is a market segment of the Frankfurt Stock Exchange designed for companies that meet the minimum EU-regulated transparency requirements without the additional obligations of the Prime Standard.

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Statements (47)

Predicate Object
instanceOf regulated market segment
stock market segment
allowsIndexInclusion no inclusion in major DAX family indices that require Prime Standard
comparedToPrimeStandard lower transparency and reporting obligations
competesWith other EU regulated market segments in Europe
contrastedWith Prime Standard NERFINISHED
disclosureLanguage German
distinguishedBy absence of additional transparency standards beyond law
financialReportingStandard national GAAP or IFRS (subject to legal requirements)
focus cost-efficient access to regulated market
governedBy Frankfurt Stock Exchange rules and regulations
hasAdditionalObligationsComparedTo none beyond EU minimum requirements
hasFewerObligationsThan Prime Standard NERFINISHED
hasListingCategory equities
investorInformationLevel meets legal minimum for EU regulated markets
investorTargetGroup investors satisfied with basic transparency standards
isAbove Open Market (Freiverkehr) of Frankfurt Stock Exchange in regulatory level
isBelow Prime Standard in transparency level
issuerObligationsScope limited to statutory and exchange minimum requirements
jurisdiction Germany NERFINISHED
legalBasis German Stock Exchange Act and EU regulations
listingCostLevel lower than Prime Standard
listingVenue Frankfurt Stock Exchange Regulated Market NERFINISHED
marketSegmentOf Regulated Market (Amtlicher Markt) at Frankfurt Stock Exchange NERFINISHED
marketType equity market segment
operatedBy Deutsche Börse NERFINISHED
partOf Frankfurt Stock Exchange NERFINISHED
primaryDisclosureLanguage German
primaryPurpose provide regulated listing with reduced follow-up obligations
regulationLevel meets statutory EU requirements only
regulatoryFramework EU-regulated market
requiresAdHocDisclosure yes, under market abuse rules
requiresAdmissionApplication yes, via a listing prospectus and formal application
requiresAnnualFinancialReports yes
requiresCorporateCalendar no, unlike Prime Standard
requiresDesignatedSponsor not generally mandatory, unlike some higher-transparency segments
requiresEnglishReporting no general obligation, unlike Prime Standard
requiresHalfYearlyFinancialReports yes
requiresOngoingReporting yes
requiresProspectus yes, according to EU prospectus regulation
requiresQuarterlyReporting no, unlike Prime Standard
segmentType EU-regulated market segment
suitableFor companies focused on domestic investors
medium-sized companies
targetIssuerType companies seeking basic regulatory listing without extra capital market obligations
transparencyLevel basic
transparencyRequirements minimum EU-regulated transparency requirements

Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.

FWB hasMarketSegment General Standard