1. Introduction

In Xetra Circular 012/23 from 8 March 2023, we last informed you about the sanctions imposed by the European Union (EU) that restrict access to the EU capital market by Russia, its government, the Central Bank of Russia, certain banks and companies, and certain individuals. Part of these sanctions (particularly Regulation (EU) 833/2014 of the Council of the EU, in its respective applicable version) are certain prohibitions regarding transferable securities and money market instruments.

With this circular we would like to point out once again the high importance of compliance with the EU sanctions.

2. Required action

As part of the implementation of these sanctions, both Frankfurter Wertpapierbörse (FWB^®, the Frankfurt Stock Exchange) and Deutsche Börse AG as Administering Institution of the Regulated Unofficial Market (Freiverkehr) on FWB, are obliged to exclude trading and admission or inclusion of securities on the Regulated Market and the Regulated Unofficial Market of FWB for securities subject to the sanctions.

Irrespective of this, the companies admitted to trading at the FWB (Trading Participants) are also obliged to implement the sanctions on their own responsibility. We already emphasised this in our Xetra circular 046/22 from 8 September 2022.

3. Details 

Therefore, as part of the application procedure for admission of securities to the Regulated Unofficial Market (Freiverkehr), FWB requires a confirmation that the securities in question have been reviewed with regard to whether they are subject to the sanctions.
 

Further information