INTERNATIONAL: SSX Listees have Access to Trade on Frankfurt Open Market

Tuesday January 18 2022

On 11^th January 2022, Sydney Stock Exchange (SSX) announced that it had received approval for securities of SSX Listees to be traded on the Frankfurt Open Market (FOE) in Germany. This will enable SSX Listees to attract European investors and have their shares trade in Europe. The FOE already has around 3,500 foreign companies registered for such an arrangement. Any company listed on a foreign exchange approved by the FOE, such as SSX, is eligible to be registered.

Registration on the FOE adds no new reporting or compliance obligations on Listees, and the FOE does not require translations of key documents. The registration process is straightforward and relatively inexpensive. Companies seeking a registration appoint a local accredited Specialist, who will handle the administrative processes for registration and act as market maker for the stock. The registration on the FOE is not a dual listing – a Company’s securities are simply being registered to be traded by a local European Specialist in the European markets. Listees continue to be listed only on their primary listing venue, the Sydney Stock Exchange, and must simply maintain compliance with their Listee obligations in Australia.

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