Admission requirement

(1) Securities that are to be traded in the regulated market at an exchange require admission or inclusion by the Management, unless otherwise provided in section 37 or in other Acts.
(2) Admission must be applied for by the issuer of the securities together with a credit institution, a financial services institution, a securities institution, or an undertaking active under section 53(1), first sentence or section 53b(1), first sentence of the Banking Act. The institution or undertaking must be admitted at a domestic securities exchange with the right to participate in trading, and must demonstrate own funds equivalent to at least EUR 730,000. An issuer that is an institution or undertaking within the meaning of the first sentence and satisfies the conditions of the second sentence may submit the application alone. The Management may require from the issuer the transmission of reference data relating to the securities to be admitted, insofar as necessary to satisfy the requirements arising from Article 4 of Regulation (EU) No 596/2014.
(2a) By way of derogation from subsection (2), the Exchange Rules may provide that, outside subsegments of the regulated market within the meaning of section 42(1), admission under subsection (1) need only be applied for by the issuer of securities.
(3) Securities must be admitted where
1. the issuer and the securities satisfy the requirements under Article 35 of Regulation (EC) No 1287/2006 and the provisions issued under section 34 for the protection of the public and for orderly exchange trading, and
2. a prospectus approved or certified under Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market, and repealing Directive 2003/71/EC (OJ L 168, 30.6.2017, p. 12), or a sales prospectus within the meaning of section 42 of the Investment Act in the version applicable up to and including 21 July 2013, that may still be used for the period provided for in section 345(6), first sentence of the Capital Investment Code, or a sales prospectus within the meaning of section 165 of the Capital Investment Code or a prospectus within the meaning of section 318(3) of the Capital Investment Code, has been published, insofar as publication of a prospectus may not be dispensed with under Article 1(2) or (5) of Regulation (EU) 2017/1129.
(4) The application for admission of the securities may be refused despite satisfaction of the conditions of subsection (3), where the issuer fails to fulfil its obligations arising from admission to the regulated market at another organised market.
(5) The Management designates at least three domestic newspapers of supraregional circulation as gazettes for the publication of the prescribed notices (supraregional exchange gazettes). The designation may be time-limited; it must be published by exchange notice.