Transparency Standard

Three levels of transparency for listed companies on the Frankfurt Stock Exchange

The transparency standard determines which follow-on obligations the listing of a company entails. 

In General Standard, the minimum legal requirements of the EU-regulated Official Market or the Regulated Market apply. Companies listing in either of these markets are automatically included in General Standard. Accordingly, companies listed in General Standard fulfill the follow-on obligations of the Official or Regulated Market. 

A listing in Prime Standard requires companies to fulfill international transparency requirements that go beyond those of General Standard. Admission to Prime Standard is a key prerequisite for inclusion in any of the selection indices DAX®, MDAX®, TecDAX® and SDAX®.

Entry Standard, the transparency level of the Open Market (Regulated Unofficial Market), features less follow-on obligations than the standards described above. Thus, Entry Standard affords small and medium-sized companies easy and cost-effective access to the capital market. It is primarily aimed at qualified investors who are aware of potential risks due to less information.

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.