As the executive body of FWB® Frankfurter Wertpapierbörse (the Frankfurt Stock Exchange), an entity under public law, the Management Board is responsible for all tasks not expressly assigned to other exchange bodies.

The legal foundations for the activities of the Management Board are anchored in the Stock Exchange Act. In accordance with its provisions, the Management Board is responsible for managing the Frankfurt Stock Exchange. Individual executive tasks, assigned to the Management Board, include:

	admission of persons and companies to exchange trading
	decisions on the inclusion, suspension and discontinuance of an official listing of securities
	decisions on the price-fixing of securities
	definition of the organization and business procedures of the Frankfurt Stock Exchange
	maintaining order on the trading floor premises.

The members of the Management Board of the Frankfurt Stock Exchange are full-time employees and – in line with the organizational model of a stock corporation – are controlled by the Exchange Council. They ensure that exchange-relevant laws, ordinances, standard terms and conditions and other regulations are implemented and complied with accordingly. In this context the Management Board may assign responsibility for the carrying out of these tasks to other persons.

As the executive body of the Frankfurt Stock Exchange, an institution under public law with partial legal capacity, the Management Board is thus a public administration authority. It may issue administrative acts addressed to third parties and is thus a public authority under administrative law.

Management Board:

Frank Gerstenschläger (Chairman)
Rainer Riess (Deputy Chairman)
Roger Müller