Securities Trading Act

German law setting the legal framework for securities trading on the exchange

The Securities Trading Act (Wertpapierhandelsgesetz) is subject to supervision by the Federal Financial Supervisory Authority ( BaFin). It is part of the Fourth Financial Market Development Act, and has been in force to full extent since 2002.

Our glossary explains important financial terms and should not leave any questions unanswered. However, if you are missing a definition, please write to us at We will then include the term if possible.