Entry Standard is a segment within the Open Market (regulated unofficial market) and provides an alternative to the Regulated Market as an access point to the capital market.
On 25 October 2005, Entry Standard was launched as a segment within the Open Market (Regulated Unofficial Market), providing an alternative to EU-regulated segments for companies seeking access to the capital market . Entry Standard is open to all companies wishing to include their shares in trading while meeting few formal requirements. It is particularly attractive for young and established small-caps and mid-caps; Private Equity and Venture Capital investors may use it as an exit channel. There is no sector focus and no minimal requirements as to the age or size of a company.
Entry Standard is the segment for companies wishing to position themselves more clearly on the capital market and provide additional information. With Entry Standard, the Stock Exchange is using the scope available to it to create a simple, quick and cost-efficient way for small and medium-sized companies, in particular, to include their shares in exchange trading. The inclusion criteria vary marginally from those of the Open Market. Proof of the assignment of a Deutsche Börse Listing Partner is additionally required. FWB trading participants are additionally required to agree in writing to the formal obligations of Entry Standard. Main application documents: -
for public offerings: the prospectus approved and notified by the national regulator -
for private placements: the unpublished exposé, which is the sole responsibility of the company -
an undertaking from the applicant to comply with the rules of Entry Standard and monitor the transparency requirements to be fulfilled by the company -
proof that a Deutsche Börse Listing Partner has been appointed List of the applicants Transparency requirements in Entry Standard (The Open Market rules apply): On the company website: -
publication of the audited consolidated financial statements and management report (respective national accounting principles or IFRS) no later than six months after the end of the reporting period -
publication of a brief, up-to-date profile of the company and a calendar of company events -
publication of the interim report no later than three months after the end of the first half -
immediate publication of significant company news or circumstances that may be significant for the valuation of the respective stock/issuer Trading surveillance: Shares in Entry Standard are insider securities. They are, thus, monitored by the Federal Financial Supervisory Authority (BaFin) with view to the rules on insider trading and market abuse. Price calculation is monitored by the Market Surveillance Office (HüSt). The fulfillment of transparency requirements by the companies in Entry Standard is monitored by the applicant trading member of the Frankfurt Stock Exchange. | 
