Compliance with financial and economic sanctions due to the ongoing situation in Ukraine

Release date: 08 Sep 2022

046/2022 Compliance with financial and economic sanctions due to the ongoing situation in UkraineXetra Circular 046/22

1. Introduction

The European Union has imposed financial and economic sanctions that restrict access to the EU capital market by Russia, its government, the Central Bank of Russia, certain banks and companies, and certain individuals as a result of Russia's annexation of Donetsk and Luhansk territories and military invasion of Ukraine.

Part of these sanctions (in particular Regulation (EU) 833/2014 of the Council of the European Union, in the respective applicable version) are certain prohibitions regarding transferable securities and money market instruments.

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 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.

Please note that for securities which may not be directly or indirectly traded or admitted or included due to applicable EU sanctions (in particular Regulation (EU) 833/2014), a securities admission to trading on the Regulated Market of FWB or an inclusion in the Regulated Unofficial Market of FWB may not be applied for.

Admission to the Regulated Market or inclusion in the Regulated Unofficial Market will therefore only be granted if a declaration is made that the respective securities are not covered by the applicable sanctions. 

3. Details 

As part of the application procedures, applicants must therefore declare with immediate effect, 

  1. that they have verified that the securities in question are not securities which may not be traded or included, directly or indirectly, on the basis of applicable EU sanctions (in particular Regulation (EU) 833/2014),
  2. that they have also provided for measures in the future in order to obtain knowledge that the securities in question are not securities which may not be traded or included, directly or indirectly, on the basis of applicable EU sanctions (in particular Regulation (EU) 833/2014), 
  3. that they inform Deutsche Börse AG without undue delay if they become aware that the securities in question are securities which may not be directly or indirectly traded or included due to applicable EU sanctions (in particular Regulation (EU) 833/2014).

Further information

Recipients:

All Xetra® Trading Participants

Target groups:

Traders, Nominated Persons, Compliance, General

Contact:

listing@deutsche-boerse.com

Web:

 

www.xetra.com

Authorised by:

Renata Bandov (on behalf of the Management Board), Monique Meyerer (on behalf of the Management Board)