Boerse_Berlin_Equiduct

8 1. The obligations of the trading participant are imposed by the regulations of BSX, not by a contract that is signed by two parties. 2. The future trading participant submits an application to become a trading participant. By applying he recognises the obligations imposed by regulations of BSX. 3. Under civil law nobody can be forced to enter into a contract. BSX, as a public law entity, must accept the applicant as its trading participant if he fulfils all necessary requirements. The right to be admitted to trading is enforceable before court. 4. In contrast to a private law company BSX cannot be prose- cuted. Claims are to be brought against the Federal State of Berlin. 5. In Germany the decision of the Management Board of a stock exchange to interrupt trading has the same legal quality as the trading suspensions that are imposed by the competent national authorities. The trading suspension might lead to the cancellation of all orders in the order book. 6. In case market surveillance notices that a price is not in accordance with the market, all relevant transactions may get cancelled by the Management Board of BSX. The state of Berlin conferred certain administrative rights to BSX. Some consequences for your better understanding:

Boerse_Berlin_Equiduct

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