DECEMBER 21, 2000
German regulators tighten stock market rules
THE German stock market Deutsche Borse has announced tougher new rules for the Neuer Markt exchange following the disastrous collapse of EM.TV's share price recently. The new rules oblige Neuer Markt-listed companies to issue more complete quarterly reports and to disclose all share trading by the company as well as by management or supervisory board members. The new rules will come into effect on March 1.
Deutsche Borse hopes that the new rules will create confidence in the Neuer Markt which took a serious hammering as a result of EM.TV's fall from grace.
EM.TV continues to face legal action from shareholders who lost millions when the firm's shares crashed. Deutsche Borse is also studying share trading in the days leading up to the EM.TV collapse to see if there is any evidence of insider trading.
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