BaFin

Topic Information obligations for issuers Obligations to provide information pursuant to sections 48 et seq. of the WpHG

Issuers of securities admitted to trading on a stock exchange are obliged to satisfy a large number of information obligations so as to enable investors to fully exercise their rights attached to those securities.

For instance, issuers must without delay publish in the Federal Gazette (Bundesanzeiger) the convening of the shareholders’ meeting, notifications on the distribution of dividends, the issue of new shares and any arrangement for conversion, cancellation and subscription rights as well as a decision in the general meeting as regards to these issues. Issuers are furthermore obliged to communicate any change in the rights attached to the admitted securities and any publication of important information in a third country.

updated on: 18.05.2018

Did you find this article helpful?

We appreciate your feedback

* Mandatory field

Publications on this topic

Sys­tem­at­ic in­ter­nalis­ers: Main points of the new su­per­vi­so­ry regime un­der Mi­FID II/ Mi­FIR

On 3 January 2018, significant changes in the rules for systematic internalisers will enter into force together with the revised Markets in Financial Instruments Directive II (MiFID II) and Markets in Financial Instruments Regulation (MiFIR).

Re­port­ing obli­ga­tion un­der Mi­FIR: Le­gal En­ti­ty Iden­ti­fi­er (LEI) will be com­pul­so­ry from 2018 on­wards

From 3 January 2018 onwards a legal entity identifier (LEI) will be necessary for reportable transactions pursuant to Article 26 of the Markets in Financial Instruments Regulation (MiFIR).

In­for­ma­tion for new is­suers

Issuers of financial instruments are subject to various conduct of business obligations and transparency requirements under the WpHG, some of which they have to comply with as soon as they file an application.

Is­suer Guide­line

New explanations on notification and reporting requirements for financial instruments following amendments to legislation

All documents