Topic Information obligations for issuers General information
Article from Issuer Guidelines published by the Federal Financial Supervisory Authority
Section 48 of the WpHG governs general obligations that an issuer within the meaning of section 2 (13) of the WpHG whose home country is thus the Federal Republic of Germany must fulfil in respect of holders of securities issued by that issuer, if its securities are admitted to trading on an organised market in Germany or in another member state of the EU or a signatory state to the EEA. The requirement set out in section 48 of the WpHG generally covers all securities that are admitted to trading within the meaning of section 2 (1) of the WpHG, and section 48 (3) of the WpHG provides that certificates representing shares are deemed equivalent to shares admitted to trading in certain cases.
